Epiroc AB (Epiroc) is a manufacturer of equipment for mining and infrastructure industries. It offers drill rigs, rock excavation and construction equipment, and related parts and tools. The company’s products find applications in production and development work for both underground and open-pit mines. Its products also find applications in mineral exploration and blasthole drilling for infrastructure development works.

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Epiroc R&D initiatives focus on enabling and accelerating the sustainable transformation of the industry through innovation in digitalization, automation, and electrification. The company has engaged more than 2,000 R&D engineers globally. Epiroc emphasizes circularity in its innovation strategy and collaborates with customers, suppliers, universities, and other companies to develop and scale new technologies. The company is involved in joint-industry projects like NEXGEN SIMS and SUM to demonstrate the potential of new technologies in real mining environments. The R&D unit of Epiroc AB is responsible for developing value-creating solutions for customers, focusing on manufacturing critical core components in-house to ensure quality and reliability. The unit also works on assembling parts sourced from suppliers to maintain high efficiency and agility in the production process. It focuses on three strong trends: digitalization, automation, and electrification, with most of its innovation efforts within these areas. In FY2024, the company’s R&D expense was SEK2,282 million, which grew 18% over that in the previous year and stood at 3.6% of the company’s revenue.