Epiroc AB — Key Figures (Public Data)
2025 Revenue
SEK 62B
+23% organic orders Q1 2026
~19,000 employees · 150 countries
Aftermarket Share
>65%
SEK 40B+ recurring base
Higher-margin · less cyclical
Digital Solutions (LTM)
BSEK 2.4
Orders +30% in 2024
Certiq · Mobilaris · 6th Sense
CMD 2026
June 8 · Örebro
Automation · electrification · digital
Strategy update in three weeks
SymX in action SymX Products — Full suite↗ X.Connect — Underground WiFi mesh↗ X.Tires — Yokohama co-developed↗ X.Parts — Patented parts AI↗ Case Studies
Epiroc Partnership Proposal · May 2026 · Confidential
Epiroc × SymX.AI

Epiroc has the fleet
and a strong mix of systems.
One intelligence layer
could make it complete.

LinkOA for autonomous haulage. Mobilaris for underground awareness. Certiq for Epiroc equipment telematics. 6th Sense tying the pieces together. Good foundations. What the ecosystem does not yet cover is the non-Epiroc fleet, the underground connectivity infrastructure, tire lifecycle management, fuel optimisation, predictive parts, and dispatch AI. SymX.AI has spent eighteen years building those layers. The co-development relationship between our companies already exists.

SymX.AI
Full-stack IoT, connectivity
and fleet AI for mining
18 YRS · 5 CONTINENTS · DEPLOYED
Schneider Electric · AVEVA · SpaceX
Epiroc · Yokohama Mining
SymX.AI — Validated Field Results
From a single underground deployment. US Pb/Zn operation. $750K investment. Three independently measured metrics.
$5.9M
Net benefit / site / year
46 days
Payback on $750K deploy
−23%
Cycle time reduction
50%
Downtime reduction
9%
Fuel & CO₂ savings
The Epiroc Digital Ecosystem
Epiroc has acquired the pieces. The integration layer is the remaining question.
Epiroc's acquisition strategy has assembled capabilities across automation, underground awareness, and telematics. Each acquisition strengthened a specific vertical. What the ecosystem does not yet have is a cross-OEM intelligence layer that connects these verticals into a unified platform for the full fleet. That layer is what turns individual products into a platform story.
🤖
Epiroc
ASI Mining / LinkOA
OEM-agnostic autonomous haulage. Drive-by-wire retrofit. 3,900+ automated machines.
📍
Epiroc
Mobilaris MCE
Underground situational awareness. Personnel and equipment tracking. Requires existing network.
📊
Epiroc
Certiq
Telematics for Epiroc-manufactured machines. Operational data, location, utilisation. Epiroc fleet only.
Gap today
Cross-OEM Intelligence
The non-Epiroc fleet (60–80% of most sites). Predictive maintenance, tire lifecycle, fuel, dispatch, parts AI. Not covered by Certiq, Mobilaris, or any current Epiroc product.
🔷
SymX.AI
Intelligence Layer
Cross-OEM telematics, WiFi mesh, predictive maintenance, tire AI, fuel, dispatch, parts. 18 years of development. Deployed across five continents.
Epiroc owns Gap in current ecosystem Available to fill it
Interoperability
SymX connects to everything Epiroc's customers already run
Epiroc's customers operate complex technology environments. Multiple OEMs, multiple historians, multiple enterprise systems. Any intelligence layer that cannot integrate into what already exists will be rejected by the customer's IT organisation on day one. SymX was built for this problem.
🏭
OEM Fleet Systems
All major OEMs

Cat Product Link / MineStar. Komatsu KOMTRAX. Hitachi ConSite. Epiroc Certiq. Sandvik My Sandvik. Liebherr LiDAT. SymBot ingests CAN bus data from any OEM. No firmware modifications. No OEM approval needed. One normalised data model.

📈
Industrial Historians
AVEVA · OSIsoft PI · Honeywell

All SymX telemetry feeds directly into AVEVA PI System, OSIsoft PI, or Honeywell PHD at no additional charge. The mine keeps its existing historian as system of record. SymX adds the mobile fleet layer that historians were never designed to capture.

🔗
Enterprise Systems
SAP · Maximo · JDE · Pronto

Predictive maintenance alerts from X.Machines auto-trigger work orders in SAP PM, Maximo, or JDE. Parts procurement from X.Parts pushes demand signals directly to ERP. No manual re-keying. No middleware. API-native integration.

This interoperability is not a feature request. It is how the platform was designed from the start. SymX can be the fastest path for Epiroc's technology modernisation because it plugs into what the customer already has rather than replacing it.

Platform Capabilities
What SymX adds to Epiroc's ecosystem
Each module is in production across enterprise deployments. Each one addresses a top customer OPEX item. Revenue figures are illustrative, based on publicly available Epiroc data.
📊
Cross-OEM Fleet Telematics
Certiq for the whole fleet

SymBot edge devices ingest CAN bus data from Cat, Komatsu, Hitachi, Liebherr, Sandvik. Edge compute processes data on-machine. Streams through HaLow WiFi mesh, LTE, or satellite. One dashboard, one data model, every OEM. This is what Certiq could become if extended beyond Epiroc-manufactured equipment.

Illustrative revenue: 3,900+ automated machines at USD 500–800/machine/month, 30% attach → USD 7–11M ARR. Broader serviced fleet (50,000+ machines) at lower attach rates could reach multiples.

X.Machines ↗
🔴
Tire Lifecycle Intelligence
3rd largest customer OPEX item

Four-layer stack co-developed with Yokohama Mining: proprietary sensors per wheel position, IoT through SymBot, AI degradation and blowout prediction, lifecycle management application. 20% tire life extension validated. No OEM has this. A 100-truck fleet carries USD 24–48M in rubber.

Customer savings: 20% life extension on a 100-truck fleet → USD 4.8–9.6M/yr in deferred replacement. New recurring subscription stream for Epiroc.

X.Tires ↗
Fuel & Energy Optimisation
2nd largest customer OPEX item

Fleet-wide fuel tracking: litres-per-tonne-km by truck, route, shift, operator. Haul road condition monitoring identifies segments where poor road surface raises rolling resistance and wastes fuel. For BEV fleets: kWh-per-tonne, charge scheduling optimised against production plans, battery health prediction.

Validated: 9% fuel savings. On a USD 10M/yr fuel bill → ~USD 900K direct savings per site. BEV intelligence extends to Epiroc's ~600 deployed electric vehicles.

X.Fleet ↗
🔧
Predictive Maintenance + Parts AI
Largest controllable downtime cost

X.Machines: 48–72 hour advance failure warning across any OEM. Engine health, hydraulics, powertrain. X.Parts (patented): auto-triggers procurement before the truck goes down. Runs on mobile and fixed plant interchangeably. The patent is a structural moat.

Validated: 50% downtime reduction. 14% maintenance cost savings. Outcome-based contracts may command 15–20% premium on Epiroc's SEK 40B+ aftermarket base.

X.Parts ↗
📶
Underground WiFi Mesh + Edge Compute
Connectivity infrastructure

HaLow WiFi mesh (IEEE 802.11ah). Sub-1 GHz. 1 km underground. Self-healing. Every machine becomes a mesh node. No GPS, no pre-existing infrastructure. Deployed for years in working mines. SpaceX satellite for remote surface. Edge compute processes data on-machine before transmission.

Epiroc context: Mobilaris MCE requires mine network infrastructure. X.Connect provides it. The two are complementary: Mobilaris applications on SymX connectivity would reach mines that currently have neither.

X.Connect ↗
🧠
Fleet Dispatch AI
Underground + surface

Real-time cycle optimisation. Eliminates queuing, idle time, bottlenecks. Underground dispatch handles single-lane drifts, ventilation restrictions, BEV charge scheduling. Surface dispatch includes haul road monitoring and route optimisation. 23% cycle time reduction proven underground.

Epiroc context: LinkOA drives trucks autonomously. Dispatch intelligence that sequences the fleet for throughput is a separate capability not currently in Epiroc's stack.

X.Fleet ↗
Landscape
Where the industry stands
Sandvik's digital revenue reached SEK 5.1B in 2025, targeting SEK 13B by 2030. Weir invested USD 1.1B in Motion Metrics and Micromine. Cat's MineStar covers Cat-only fleets. Each competitor has strengths. None provides cross-OEM fleet intelligence.
CapabilityEpirocSandvikCatWeir✦ Epiroc + SymX
OEM-agnostic automation✓ Strong✓ Retained
Cross-OEM fleet telematicsEpiroc onlyOwn onlyOwn only✓ All OEMs
Predictive maintenanceEpiroc fleetOwn fleetOwn fleet✓ Cross-OEM
Underground connectivityMobilaris (app layer)Own systems✓ Infra + app
Tire lifecycle intelligence✓ Yokohama
Fuel / energy optimisationPartial
Predictive parts AI✓ Patented
BEV fleet intelligence

Green cells in the last column are in production. Epiroc's existing strengths (automation, Mobilaris, BEV hardware) are retained and complemented.

Illustrative Revenue
Potential scale on Epiroc's existing base
Disclaimer: All figures illustrative. Based on publicly available Epiroc data and SymX unit economics. Not forecasts or commitments. Actual results depend on deployment scope, pricing, and adoption. Included to frame the potential scale of the opportunity.
USD 7–11M
Cross-OEM monitoring
Year 1–2 ARR
USD 5–10M
Tire lifecycle
New revenue stream
SEK 400–800M
Aftermarket premium
1–2% uplift
USD 80–120M
Year 5 full-run
All layers
20%+
EBITA margins
Software layer
From the Field
SymX in production environments
Two deployments. Battery-electric fleet operations and full platform walkthrough across underground and open pit mines.

Epiroc BEV fleet in operation

SymX platform across mining operations

Insights
Case studies and platform detail
⛏️
Underground: 23% Throughput Increase
Case study

US underground Pb/Zn. X.Fleet and X.Machines. $5.9M net annual benefit. 46-day payback. Three independent metrics.

Read case study ↗
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X.Connect: WiFi Mesh Underground
Connectivity

Self-healing HaLow mesh. No GPS, no pre-existing network. Every machine becomes a node. Deployed for years in working mines.

Explore X.Connect ↗
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X.Tires: Yokohama Partnership
Tire intelligence

Proprietary sensors, AI prediction, lifecycle management. Co-developed with Yokohama Mining. Enterprise scale. 20% life extension.

X.Tires product page ↗
In Progress
Operations Profile Tool
SymX and Epiroc co-developed a cloud-based operational profiles tool for aftermarket optimisation. The first customer trial has been completed at Byrnecut in Australia. Inner workings are being finalised and the next deployment is moving to a Mongolia site. Joint go-to-market was kicked off several months ago. Joint contract negotiation has started. Both tracks are progressing, though slower than the technical work that preceded them.
Context
The relationship already exists. The timing may matter.
Epiroc and SymX are not at the beginning. The co-development relationship has produced a working product now in customer trials across two continents. Joint go-to-market and contract negotiation are underway. The technical validation has been done. What remains is strategic alignment between Epiroc's Digital and Integrations group and the broader SymX capability set.

Epiroc's Capital Markets Day on June 8 will present the next phase of the automation, electrification, and digital strategy. The investor audience will ask where the growth comes 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 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.

Next step: strategic alignment

The technology has been tested. Epiroc's engineering team has validated the platform. End customers and other OEMs are running on it. The natural next step is aligning Epiroc's Digital and Integrations group with SymX's capabilities to define where and how these fit into Epiroc's product and partnership roadmap.

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