Capital Equipment News December 2022

Caterpillar Inc. completed the purchase of Tangent Energy Solutions in May 2022.

amongst others, leading the acquisition spree. These leading OEMs are on a drive to acquire critical new capabilities around software, the Internet of Things (IoT), artificial intelligence, electrification and connectivity. Epiroc’s acquisition spree With a number of deals completed in 2022, and a few more in the pipeline, Epiroc has once again shown its sharp focus on several industry verticals to pave the way to a bright and competitive future. On December 1, 2022, the company completed the acquisition Remote Control Technologies, an Australian company that provides automation and remote-control solutions for mining customers around the world. President and CEO Helena Hedblom says the acquisition positions Epiroc as a leader in automation solutions, not only for surface and underground rock drilling, but also for underground loading and haulage. With customers in more than 70 countries, Remote Control Technologies provides automation and remote-control solutions applicable for either a single machine or an entire mixed fleet of machines, regardless of manufacturer or type of equipment. It also provides

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Large OEMs across the capital equipment sector are racking up acquisitions and strategic investments in smaller technology firms to fill gaps and expand their offerings

After trending down since 2017, M&A deals in the machinery sector jumped to decade highs during the Covid-19 pandemic, as many companies reshape their portfolios in the face of evolving industry dynamics

With a number of deals completed in 2022, and a few more in the pipeline, Epiroc has shown its sharp focus on several industry verticals to pave the way to a bright and competitive future

In recent years, Sandvik has embarked on an acquisition spree to consolidate its position as a leader in the mining space

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