Epiroc has agreed to acquire Mernok Elektronik (Pty) Ltd, a South Africa-based company that provides advanced collision avoidance systems for mining companies.
With this acquisition, Epiroc will strengthen its position as a world-leading provider of automation and safety solutions for mining operations, it says.
Mernok Elektronik is headquartered in Pretoria, South Africa. The company designs and produces proximity detection technologies and collision avoidance systems of the highest level (EMESRT Level 9) applicable for either a single machine or an entire mixed fleet of machines regardless of manufacturer or type of equipment, it says. Mernok Elektronik’s customers are primarily in Africa, with its systems designed to significantly reduce the risk of vehicle accidents, strengthening operator safety as well as productivity.
The company’s focus was initially vested in three main areas, namely mining applications, military applications and high-end industrial applications. In 2016, it decided to re-focus the company to service only the mining sector. Back in 2019, it teamed up with Booyco Electronics and Selectronic to bring new generation technology to the proximity detection system space.
Mernok Elektronik has about 45 employees and revenues in the fiscal year ending February 28, 2022, of approximately R80 million ($4.7 million).
“Collision avoidance is critical for the mining industry to strengthen safety and productivity, and Mernok’s advanced solutions complement Epiroc’s existing equipment and automation offering well,” Helena Hedblom, Epiroc’s President and CEO, said. “Together we will provide complete collision avoidance solutions to the highest industry standards to support our customers on their journey towards the safest and most optimal operations. We look forward to welcoming the dynamic Mernok team to Epiroc.”
The acquisition is expected to be completed in the March quarter of 2023.