(Sharecast News) - Mining technology group Weir has announced it is buying SentianAI, a Sweden-based developer of AI tech that optimises minerals processing performance.
The deal, made for an undisclosed amount, is hoped to accelerate Weir's digital capabilities to provide "enhanced productivity and sustainability offerings to customers".
Based in Malmö, SentianAI's AI algorithms learn and adapt to the dynamic processes within a mine, providing continuous improvement and optimisation over time.
"Digital technology has an important role in helping address the challenges of declining ore grades, production efficiency, and CO2 emissions for our customers," said Weir chief executive Jon Stanton.
"SentianAI's advanced software solutions complement and will bridge our Synertrex® and Motion MetricsTM technologies well. Together, these will enable us to provide holistic performance monitoring and optimisation for smart, efficient and sustainable mining."
Weir Group (WEIR)