Molycop has acquired the assets of leading mill monitoring solutions provider Digital Control Lab.
Molycop is pleased to announce the completion of the acquisition of the assets of Digital Control Lab ('DCL'), a leading provider of mill monitoring solutions based Florida, USA.
DCL has an established market position in the cement and mining mill monitoring domain, combined with strong brand recognition, innovative engineering capabilities, and a reputation for delivering a differentiated technology offering.
The business offers the MillSlicer, TriSlicer and MillScan monitoring systems for SAG and cement mills. These systems are installed on customer grinding mills and provide real time insight into the inner workings of these critical assets. These solutions have proven to reduce liner damage, eliminate obstruction spills, increase material throughput all while producing a better targeted output.
Jim Anderson, CEO of Molycop, said:
We are very excited to be aligning our efforts with the DCL team. This aquisition will enhance our position at the forefront of providers of digital solutions for the global mining and industrial markets. This is an exciting and important step in Molycop’s digital transformation adding industry leading mill scanning technology and products to our current digital offering.
Our vision is to leverage DCL’s market reputation, product offering, domain expertise and intellectual property in mill monitoring solutions, to build upon Molycop’s current technical service and digital technology portfolio, to create the premier platform for mineral processing circuit monitoring and optimization.
Dr Karl Gugel, DCL CEO and founder, said:
We are very pleased to be joining a company that has been at the forefront of providing solutions to the mining industry for over a century. I am passionate about the future opportunities this transaction provides and look forward to a great partnership with Molycop.
