Epiroc Completes Acquisition Of Yieldpoint

Aug 1, 2024 - one year ago

Epiroc, a leading productivity and sustainability partner for the mining and construction industries, has completed the acquisition of the business of Yieldpoint Inc., a Canadian company that provides advanced ground support solutions that strengthen safety for mining and civil engineering applications.

Yieldpoint is based in Kingston, Ontario, Canada, and has about 10 employees. The company designs, manufactures and sells advanced digital geotechnical instruments, and has customers worldwide. The products, which include ground movement sensors and telemetry solutions, are primarily used for underground mining, tunnelling, and civil construction applications. Yieldpoint’s solutions help digitalize the ground support and create a safer working environment.

Epiroc announced on May 28, 2024, that it had agreed to acquire the business of Yieldpoint.
The parties have agreed not to disclose the purchase price as the transaction is not subject to a disclosure obligation pursuant to the EU Market Abuse Regulation.

Source: Epiroc