Mobilaris gets Atlas Copco as a strategic investor.

Mobilaris, a Luleå, Sweden-based mining intelligence business, announced getting Atlas Copco as a strategic investor in the company. Atlas Copco will acquire 34% of Mobilaris MCE, that is part of Mobilaris AB.

Mobilaris was established in 1999 as a spin-off from Telia Mobile and Telia Research. Mobilaris MCE’s software solutions offer situational awareness of the mines, real-time positioning and detailed status information on vehicles, equipment and personnel, presented in a sophisticated 3D user interface.

The software is used for underground mining, tunneling and other civil engineering. The business has about 20 employees and had revenues in 2016 of about MSEK 30 (MUSD 3.5).

Atlast Copco is a publcly-listed company, which manufactures compressors, vacuum solutions and air treatment systems, construction and mining equipment, power tools and assembly systems.