Komatsu announces agreement to acquire Mine Site Technologies, an Australian provider of connectivity solutions for underground mining Developing safe, highly productive, smart and clean workplaces of the future, together with customers
June 15, 2022
Komatsu Ltd. (Chairman and CEO: Hiroyuki Ogawa) (hereinafter “Komatsu”), through its wholly owned subsidiary in Australia, has agreed to acquire Mine Site Technologies Pty Ltd (New South Wales, Australia, CEO : Haydn Roberts) (hereafter “MST Global”), a provider of operational optimization platforms for underground mining that leverage communication devices and position tracking systems. Komatsu plans to close the acquisition on July 1, 2022, provided all procedures necessary for closing are completed. The impact on Komatsu’s consolidated business results is expected to be minimal.
MST Global’s high-speed, low-latency digital communications network, position tracking and
proximity detection solution
As global demand for critical resources forces Komatsu customers to go underground to find mineral deposits, the company is rapidly developing new technologies, equipment and solutions to meet future industry needs. By enabling customers to increasingly use digitization and automation to improve safety and productivity, Komatsu plans to work with MST Global to help customers create digital ecosystems with timely information and alerts. real world, voice and communication technologies, software solutions, robust network infrastructure and wireless networks and geospatial technologies. Together, the companies will work to increase the availability of high-speed, low-latency digital communication, which is needed to: deliver mission-critical communication, integrate IoT sensors, increase the volume of information communicated, and enable tracking, monitoring and real-time automation of mining operations.
For 30 years, Sydney-based MST Global has consistently delivered innovative solutions to meet the needs of customers today and tomorrow. The company specializes in developing and delivering robust, fit-for-purpose solutions and services in partnership with mining and tunneling customers on their digital strategy to discover improvements in safety and productivity. MST Global solutions enable communication between operators and mining equipment, as well as position tracking of operators and equipment, leveraging fiber optic broadband communication systems, which create a geospatial digital twin in time. of underground operations: an important and fundamental element for digitization. With a global customer base, MST Global offers a platform to visualize and monitor the underground mining environment and enable control from a remote operations center, thereby optimizing mining operations to increase safety and productivity while preserving the environment. The solutions help digitize and automate underground mining operations.
By adding MST Global’s experience and expertise in introducing communications devices and optimization platforms, Komatsu aims to accelerate the rate at which it delivers advanced technology solutions, including automation and remote operation of underground mining equipment.
According to the company’s ongoing medium-term management plan “DANTOTSU Value – Together, towards ‘The Next’ for sustainable growth“, Komatsu is striving to expand its offerings for underground hard rock mining, creating new value for customers through the development of new equipment, processes and technologies that will help operations take the next step for the workplace of the future and to provide a more sustainable environment for the next generation.
MST Global’s real-time geospatial digital twin solutions in a remote operations center
MST Global Overview
Name: Mine Site Technologies Pty Ltd. (private company)
Location: Sydney, New South Wales, Australia
Representative: Haydn Roberts
Sector of activity: Development, manufacture and sale of communication solutions, position sensing and optimization platforms for underground mines
Corporate Communications Department
Sustainability Promotion Division
Phone. : +81-(0)3-5561-2616
email: [email protected]
*Information may be subject to change without notice.
Komatsu Ltd. published this content on June 15, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, on Jun 15, 2022 06:12:06 UTC.
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Trends Technical Analysis KOMATSU LTD.
|Short term||Middle term||Long term|
Evolution of the income statement
|Number of analysts||15|
|Last closing price||¥3,362.00|
|Average target price||¥3,600.00|
|Average Spread / Target||7.08%|