2025 Revenue
SEK 62B
+23% organic orders Q1 2026
Strongest quarter in recent memory
Aftermarket / Equipment
>65% / 35%
Recurring, higher-margin, less cyclical
SEK 40B+ aftermarket base
Digital Solutions (LTM)
BSEK 2.4
Orders up 30% in 2024
Certiq covers Epiroc machines only
CMD 2026 — Örebro
June 8
Automation · electrification · digital
Strategy update three weeks away
SymX in action SymX Products — Full solution suite↗ X.Tires — AI tire monitoring↗ X.Parts — Patented parts AI↗ Case Studies — Doe Run & more↗
Epiroc Partnership Proposal · May 2026 · Confidential
Epiroc × SymX.AI — Strategic Partnership Thesis

The intelligence layer
that completes Epiroc's
automation vision

Epiroc's automation ambition is clear. Delivering on it fully will likely require capabilities beyond autonomous driving: cross-OEM fleet telematics, predictive maintenance, tire lifecycle management, fuel optimisation, dispatch AI, haul road monitoring, and underground WiFi mesh connectivity. These are the layers that convert an automated fleet into an intelligent one. SymX.AI has spent eighteen years building them.

SymX.AI
Full-stack IoT, connectivity
and fleet AI for mining
18 YRS · 5 CONTINENTS · DEPLOYED
Schneider Electric · AVEVA · SpaceX
Epiroc · Yokohama Mining
$5.9M
Net benefit / site / year
46 days
Payback on $750K deploy
−23%
Cycle time reduction
50%
Downtime reduction
9%
Fuel & CO₂ savings
From the Field
Epiroc battery-electric fleet in operation
SymX deployed alongside Epiroc's battery-electric vehicle fleet. Cross-OEM telematics, underground connectivity, and fleet intelligence in a live production environment.
The Opportunity
Epiroc's customer relationships may be the strongest distribution channel in mining. The digital revenue from them is a fraction of what it could be.
Epiroc maintains service relationships with thousands of mine sites globally. Aftermarket revenue exceeds 65% of SEK 62 billion. Service engineers are on site. The trust is earned over decades. What that relationship does not yet include is a digital intelligence layer that gives operations teams a reason to log into an Epiroc platform every shift. Certiq monitors Epiroc-manufactured machines. At most mine sites, 60–80% of the fleet is not Epiroc-manufactured. That majority is largely unmonitored.
Revenue Levers
Five intelligence layers that could attach to Epiroc's existing base
Each lever addresses a top-five customer OPEX item. Each one is in production at SymX. None exists in Epiroc's current digital portfolio. All figures are illustrative and subject to deployment scope and pricing.
📊
Cross-OEM telematics: making Certiq the fleet-wide standard
Installed base expansion

Certiq today monitors Epiroc equipment. SymX's cross-OEM telematics layer could extend that capability to every machine on site: Cat, Komatsu, Hitachi, Liebherr, Sandvik. SymBot edge devices ingest CAN bus data, process it on-machine, and stream structured intelligence through HaLow WiFi mesh, LTE, or satellite. One dashboard for the entire fleet.

If the combined platform were offered to Epiroc's 3,900+ automated machines at an illustrative USD 500–800/machine/month and achieved a 30% attach rate, that represents USD 7–11M in potential annual recurring revenue. Extending to the broader Epiroc-serviced fleet (conservatively estimated at 50,000+ machines globally) at lower attach rates could reach meaningful multiples of that figure. Underground operations represent an additional addressable segment where Certiq has limited reach today and SymX's HaLow mesh provides the connectivity infrastructure.

🔴
Tire lifecycle management
3rd largest customer OPEX item

Tires are typically the third-largest operating cost at a surface mine, after fuel and labour. A 63-inch haul truck tire costs USD 40,000–80,000. A 100-truck fleet carries 600 tire positions: USD 24–48M in rubber on the ground at any time. No OEM monitors tire lifecycle systematically.

X.Tires is a four-layer stack co-developed with Yokohama Mining: proprietary pressure and temperature sensors per wheel position, IoT connectivity through SymBot, AI degradation and blowout prediction, and lifecycle management. Validated 20% tire life extension. On a 100-truck fleet, that could mean USD 4.8–9.6M in deferred replacement costs per year. A subscription monitoring service would add a recurring revenue stream Epiroc does not have today.

Fuel consumption optimisation
2nd largest customer OPEX item

Fuel is typically the second-largest operating cost after labour. A 100-truck diesel fleet may consume USD 8–12M in fuel per year. SymX tracks litres-per-tonne-kilometre by truck, by route, by shift, by operator. Haul road condition monitoring identifies road segments where poor maintenance raises rolling resistance and compounds fuel waste.

Validated fuel savings of 9% have been measured across deployments. On a USD 10M annual fuel bill, that represents approximately USD 900K in direct savings per site per year. For BEV fleets, the metric shifts to kWh-per-tonne-kilometre, and the optimisation lever becomes charge scheduling and route selection.

🔧
Predictive asset maintenance
Largest controllable downtime cost

An unscheduled failure on a haul truck can cost USD 150,000–250,000 per event in lost production, emergency repair, and cascade effects. X.Machines delivers 48–72 hour advance warning before failure across any OEM's equipment. X.Parts (patented) auto-triggers parts procurement before the truck goes down.

Validated results: 50% reduction in unscheduled downtime and 14% maintenance cost savings. Outcome-based maintenance contracts may command a 15–20% premium over transactional aftermarket. Applied to Epiroc's SEK 40B+ aftermarket base, even a modest uplift represents considerable incremental value.

Digital Partnership
From equipment supplier to digital partner
The company that provides the intelligence platform operations teams use every shift becomes the digital partner of the mine. That relationship compounds. It is also a relationship Epiroc appears well-positioned to own, given the depth of its installed base and the strength of its service organisation.

The installed base is the distribution channel. The intelligence layer is the product. The combination could produce recurring revenue at software margins on top of hardware relationships that already exist. No new customer acquisition would be required. The question is what technology powers the intelligence layer, and whether Epiroc builds it, acquires it, or partners for it.

SymX has built it. It is in production. The co-development relationship with Epiroc already exists through Combient Foundry and enterprise monitoring integration. The technical validation has been done. What remains is the decision to scale.

Platform Products
The SymX platform — deployed and validated
Each module addresses a gap in Epiroc's digital and automation portfolio. All are in production across enterprise deployments on five continents.
🔮
X.Machines
Predictive maintenance

Monitors engine health, hydraulics, powertrain, and fault codes across any OEM fleet. Delivers 48–72 hour advance failure warnings. Validated 50% reduction in unscheduled downtime and 14% maintenance cost savings.

Epiroc context: Certiq monitors Epiroc machines. The non-Epiroc fleet Epiroc automates and services is currently unmonitored.

X.Machines ↗
🧠
X.Fleet
Dispatch, fuel & road AI

Real-time cycle optimisation. Eliminates queuing, idle time, bottlenecks. Underground dispatch for single-lane drifts, ventilation cycles, BEV charge scheduling. Fleet-wide fuel tracking by truck, route, shift, operator. Haul road condition monitoring.

Epiroc context: Autonomous driving moves trucks. Dispatch intelligence and fuel optimisation across the fleet are separate capabilities.

SymX products ↗
📶
X.Connect
Connectivity + edge compute

Proprietary HaLow WiFi mesh (IEEE 802.11ah). Sub-1 GHz. 1 km underground. Self-healing. Deployed for years in working mines. SpaceX satellite surface. Edge compute on-machine. Cross-OEM CAN bus ingestion. Real-time streaming with store-and-forward.

Epiroc context: Mobilaris MCE provides underground situational awareness but relies on existing network infrastructure. X.Connect brings its own.

X.Connect ↗
🔴
X.Tires
Tire intelligence

Four-layer stack: sensors, IoT, AI prediction, lifecycle management. Co-developed with Yokohama Mining at enterprise scale. 20% tire life extension validated. Sensors embedded per wheel position.

Epiroc context: No tire intelligence exists in Epiroc's portfolio or in any competing OEM's offering.

X.Tires ↗
⚙️
X.Parts
Patented predictive parts AI

Patented AI on maintenance logs, parts history, and real-time health data. Identifies assets approaching failure. Auto-triggers procurement. Runs on mobile and fixed plant interchangeably. The patent is a structural moat.

Epiroc context: No predictive parts AI exists in any OEM stack. The patent means it cannot be replicated.

X.Parts ↗
BEV Fleet Intelligence
Electrification multiplier

Charge scheduling optimised against production plans. Battery health prediction. Energy-optimised dispatch. kWh-per-tonne tracking. Extends X.Fleet and X.Machines to BEV fleets. Configuration, not a new platform build.

Epiroc context: ~600 BEVs deployed. OEM-agnostic chargers launched April 2026. The intelligence that optimises charging against production is the missing layer.

Platform in Action
SymX platform in production
Live walkthrough of the SymX platform across fleet monitoring, dispatch, predictive analytics, and connectivity. Deployed across several underground and open pit mining operations globally.
Competitive Position
Epiroc + SymX compared to alternatives
Sandvik digital revenue: SEK 5.1B (2025), targeting SEK 13B by 2030. Weir spent USD 1.1B on Motion Metrics and Micromine. Cat's MineStar covers Cat-only fleets. The last column shows what Epiroc could gain.
CapabilityEpiroc todaySandvikCatWeir✦ Epiroc + SymX
Cross-OEM fleet telematics✗ Epiroc only✗ Own only✗ Own only✓ All OEMs
Predictive maintenance (cross-OEM)~ Own fleet~ Own fleet✓ 48–72hr warning
Underground WiFi mesh connectivity~ Partial (Mobilaris)~ Own systems✓ 1 km HaLow
Tire lifecycle intelligence✓ Yokohama co-dev
Fuel optimisation AI~ Partial
Predictive parts AI✓ Patented
Dispatch optimisation AI~ Own fleet~ Own fleet✓ Cross-OEM
BEV fleet intelligence
Haul road condition monitoring
Edge compute on-machine

Every green cell in the last column is in production. Not roadmapped. Deployed.

Revenue Expansion
Illustrative revenue on Epiroc's existing base
All figures attach to existing relationships and installed base. No new customer acquisition assumed.
Disclaimer: These figures are illustrative projections based on publicly available Epiroc data and SymX internal unit economics. They are not forecasts or commitments. Actual results will depend on deployment scope, pricing negotiation, adoption rates, and operational variables that cannot be predicted. Included to frame the potential scale of the opportunity.
USD 7–11M
Cross-OEM monitoring
Illustrative Year 1–2 ARR
USD 5–10M
Tire lifecycle services
New recurring stream
SEK 400–800M
Aftermarket premium
Illustrative 1–2% uplift
USD 80–120M
Year 5 full-run
All intelligence layers
20%+
EBITA margins
Software-margin layer

All figures illustrative. Actual outcomes to be determined by pilot results, pricing, and deployment scope.

Context
The relationship already exists. The timing may matter.
Epiroc and SymX are not meeting for the first time. The co-development relationship through Epiroc's innovation arm has included technology evaluation, product integration, and enterprise monitoring. The technical validation has been done. This proposal asks whether a proven co-development relationship should scale to strategic integration.

Epiroc's Capital Markets Day on June 8 will present the next phase of the automation, electrification, and digital strategy. The investor audience will have one question: where does the growth come from?

The answer Epiroc can give today: larger automated fleets, more BEV orders, higher aftermarket penetration.

The answer it cannot yet give: what happens to the data generated by those automated, electrified fleets. Who converts equipment sales into outcome-based contracts. Who provides the intelligence layer that ties automation to measurable ROI at the customer's site.

Whether that story is ready for June 8 may depend on conversations that happen in the next three weeks.

Start with a pilot. Let the results define what follows.

One site where Epiroc has automation or BEV equipment in operation. Defined KPIs. Auditable results. Zero cost to Epiroc. The same model SymX used to build its partnership with Yokohama Mining. The data will make the commercial case for what comes next.

Ash Agarwal
Chief Executive Officer · SymX.AI
Get in touch ↗