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EnterpriseMixedEPI A (Nasdaq Stockholm)VERIFIED

Epiroc

Stockholm, Sweden• Founded 2018

Epiroc is a Sweden-based productivity partner for the mining and infrastructure industries, providing equipment, tools, and services for drilling, rock excavation, and construction. The company also develops digital and automation solutions to improve safety, efficiency, and sustainability across customers’ operations.

AI Strategy

Epiroc’s AI/ML positioning is primarily as an adopter and integrator, embedding analytics, automation, and digital solutions into mining and construction equipment to improve productivity, safety, and predictive maintenance. Publicly available information does not clearly separate AI-specific products from broader automation and digital offerings.

Key AI Products

Epiroc 6th Sense (digital solutions suite)Automation solutions for surface and underground drilling rigs (e.g., autonomous/remote operation capabilities)

Financials

Business Focus

Mining equipmentRock excavationInfrastructure construction equipmentAftermarket servicesAutomation and digital solutions

Competitive Analysis

Strengths

  • Strong installed base in mining and rock excavation equipment with recurring aftermarket/service revenue
  • Growing portfolio in automation, electrification, and digital solutions for mining productivity and safety
  • Global distribution and service network

Challenges

  • Capital equipment demand is cyclical and tied to mining/construction capex
  • Competes with larger diversified OEMs with broad product portfolios and scale
  • AI-specific differentiation is less clearly articulated publicly than automation/electrification messaging

Competitors

Industries