Swedish L5 Navigation, a leading innovator and awarded growth company in the Nordics region within machine control and GNSS positioning acquires fellow Swedish company Rockma. Rockma specializes in rock characterization systems based on drill monitoring in production environments, offering modular solutions with everything from stand-alone analysis software to complete drill management systems. The main purpose of the acquisition is to leverage Rockma’s unique software into even more applications and machine types to become a comprehensive supplier of mining positioning and analysis systems and to take a clear step toward the international market.
Martin Lindgren, CEO at L5 Navigation, says: ”Rockma comprises, thanks to their in-depth geotechnical background, an unequaled knowledge when it comes to rock mass analysis and characterization which is key to cost-effective drilling, blasting, and reinforcement. The software they offer and the architecture around it is truly amazing, and in combination with an in-house software development team, makes for endless possibilities. The fact that they are already present in South Africa, Australia, and South America makes it even better and just in line with our expansion plans.”
Co-founder of Rockma, Patric Mårtensson, adds: ”We have already successfully been cooperating with L5 Navigation for several years and know that the management is business-driven and understands the complete ecosystem around machine control systems and real-time positioning. With our expertise in software development and hardware integrations, I feel confident that great synergies can be achieved, and can’t wait to continue the development with new integrations and solutions to deliver even more value to both new and existing customers.”
The official completion date of this acquisition is November 30, 2023. While the specific terms of the deal remain confidential, this strategic move underscores L5 Navigation’s commitment to growth and innovation in primarily the mining sector.
For more information please contact:
Martin Lindgren – CEO L5 Navigation
+4672-528 99 97
Or via e-mail to: email@example.com
About L5 Navigation
L5 Navigation Systems AB has, from the start in Sweden in 2013, grown to a significant market share holder with over SEK 150 million in turnover in 2022, including operations in Norway and Finland. The business as of today consists of three main business areas – Machine control for earth moving machines, Surveying and Machine control for special applications. With a market lead position in hole navigation systems for drill rigs.
Rockma System AB was founded in 1999 and has hundreds of installed systems in the global mining industry as well as in the exploration and civil engineering fields. Rockma’s product suite features a wide range of solutions from geological models to complete drill management systems. Information of the rock mass is provided in real time without additional production delays. Vital and selective information is presented to different groups in the customer organization. Visit www.rockma.com for more information.