Digital reality solutions provider Hexagon AB has bolstered its life-of-mine solutions portfolio with the acquisition of Minnovare, a provider of drilling technology.
Founded in Perth, Western Australia, in 2012, Minnovare will now operate as part of Hexagon's Mining division.
Minnovare says it has more than 150 contracted systems in over 90 mining operations worldwide. Its advanced hardware and data-capture software combine sensors, software and data analytics to solve deficiencies in existing drilling processes across the resource definition, development and production phases.
"The integration of Minnovare's innovative mining solutions with our strong, core technical competence is a strategic fit,” said Hexagon President and CEO, Ola Rollén. “It will prove invaluable for customers striving to improve the speed, cost and accuracy of underground drilling. Today's acquisition strengthens our formidable drill and blast portfolio and accelerates our underground development roadmap. We also see opportunities for international expansion of Minnovare's portfolio throughout Hexagon's global footprint."