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Epiroc to acquire Australian provider of digital core imaging solutions for mining companies

Tuesday, October 11th, 2022

Epiroc, a leading productivity and sustainability partner for the mining and infrastructure industries, has agreed to acquire Geoscan Pty Ltd, an Australian provider of digital geological imaging solutions to mining companies.

Geoscan is based in Perth, Australia, and has presence in Australia, Latin America, North America, Europe, and Africa. Its main offerings are Corescan and Coreshed. Corescan is a leader in hyperspectral scanning, core photography and 3D laser profiling of drill core, rock chips and other geological samples with the associated processing and interpretation. Corescan offers an automated solution that increases both the speed and reliability of imaging, processing and data delivery. Providing a rapid and reliable mineralogical profile of each drill core, Corescan improves the mining companies’ decision making across exploration, resource modelling and ore processing. Coreshed complements this by providing an advanced digital core storage, visualization, management and data integration solution for drill core and other geological samples.

Geoscan has about 50 employees and had revenues in 2021 of about MAUD 9 (MSEK 65).

“Mining companies continue to strive for greater orebody knowledge to strengthen productivity and consistency in their operations, and Geoscan’s solutions play a vital role in achieving that,” says Helena Hedblom, Epiroc’s President and CEO. “This acquisition will complement our existing offerings well. We look forward to welcoming the strong team at Geoscan to Epiroc.”

The acquisition is expected to be completed in the fourth quarter 2022. The transaction is not subject to a disclosure obligation pursuant to the EU Market Abuse Regulation

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