Caterpillar Holdings Australia Pty. Ltd. Acquires Minetec Pty Ltd from Codan Limited

Press release

July 5, 2021

Caterpillar Holdings Australia Pty. Ltd. announced the acquisition of Australia-based Minetec Pty Ltd. from Codan Limited. Specializing in communications technology for mining, Minetec supplies high-precision tracking and data communications networks as well as a purpose-built set of software applications that address both productivity and safety for underground mining. Part of Caterpillar’s ongoing focus on providing mining solutions for safety, autonomy and productivity, the acquisition demonstrates a commitment to the expansion of Cat MineStar Solutions for integrated underground operations.

Since 2018, Caterpillar and Minetec have worked under a collaborative agreement to develop and deliver technologies targeting the unique challenges faced with underground hard rock mining operations. The result has delivered unique site solutions that have expanded the capabilities of MineStar to offer real-time, GPS-type tracking for the underground space. As part of the acquisition agreement, Codan will provide manufacturing services to Caterpillar for up to five years to ensure a successful transition and continuous supply to customers.

“The acquisition will further drive integration of Minetec’s world-class underground products and capabilities, such as task management, high-precision tracking, wireless communications and proximity detection into MineStar. As miners move to automate underground mines, this will further enhance MineStar’s ability to provide the equivalent of GPS underground and improve safety and productivity,” said Jim Hawkins, general manager of Cat MineStar Solutions.

Vice President, Caterpillar Resource Industries, Marc Cameron, added, “The Minetec acquisition is one more example of our continued investment in automation services. We are well positioned to grow services through our large installed base of connected equipment, outstanding field technology, and decades of product, service and application expertise that turn experience into useful insights for customers.”

Cat MineStar Solutions for underground offers a suite of scalable technologies that increase productivity and improve safety. MineStar Fleet provides real-time visibility to cycle time, payload and other key operational parameters. MineStar Detect uses high-precision peer-to-peer proximity detection with a communications and tracking network that help prevent incidents and track people and machines underground in real time. MineStar Health connects customers to their machines to maximize equipment availability and reliability. MineStar Command enables remote operation of load-haul-dump (LHD) machines for productivity and efficiency gains and to improve safety by removing operators from hazardous environments.
 

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