Australian company, Scanalyse, has been bought by Outotec, a Finnish minerals and metals processing technology and services supplier.

At the heart of the company’s product line is a laser technology originally created by Curtin University as supported by the CRC for Spatial Information.

The company also received venture capital funding from Stone Ridge Ventures, as it grew to over 30 staff servicing more than 20 countries.

“It is a great move from a Scanalyse point of view, as we can now tap into Outotec‘s global network and rapidly expand our reach,” said chief executive officer, Peter Clarke. “This is precisely what the business needs to do. Outotec has a reputation for innovation and high-quality technology capabilities, and that plays to Scanalyse’s strengths. Outotec’s global centre in grinding is in Perth, and the Scanalyse operations will remain here.”

This is a great outcome for our partners and the CRCSI is proud to have played a critical role in the company’s genesis” said CRCSI CEO Peter Woodgate.

Peter Clarke agrees, having stated “No CRCSI, no Scanalyse. Simple as that.”

Scanalyse products measure and predict the wear of equipment in mining and mineral processing operations, thereby reducing risks, improving safety, and contributing to greenhouse gas reductions.