Rock to Road

News Business Pits & Quarries
Epiroc acquires Ontario-based geotechnical solutions provider

May 31, 2024  By Rock to Road Staff


A Yieldpoint Blue900 node. (Photo credit: Yieldpoint)

KINGSTON, Ont. – Epiroc has entered into an acquisition agreement with Yieldpoint Inc., a Kingston, Ont.-based manufacturer and provider of ground support geotechnical solutions for the mining and civil engineering sectors.

Yieldpoint specializes in the design, manufacturing and selling of digital geotechnical instruments, such as ground movement sensors and telemetry solutions, to customers worldwide looking to digitize their ground support processes and create safer working environments.

“Proper ground support is crucial to safe mining and infrastructure operations. Yieldpoint’s smart and robust monitoring solutions complement our ground support offering well, and expand our portfolio of digital solutions. We look forward to welcoming the experienced and professional Yieldpoint team to Epiroc,” said Helena Hedblom, Epiroc’s president and CEO.

Yieldpoint is currently comprised of about 10 employees. The acquisition is expected to be completed by the end of 2024’s second quarter.

Advertisement

Print this page

Advertisement

Stories continue below