Bis eyes automation in Israeli deal
on
Resources contractor Bis Industries, controlled by private equity firm Carlyle and hedge fund Varde Partners, is targeting the rollout of a new low-cost mining automation venture after striking a tech deal with Israel’s largest aerospace and defence company.
The West Australian company’s 50:50 joint venture with Israel Aerospace Industries – dubbed “Auto-mate” – is aimed at tapping into an estimated $50bn global automation market by connecting existing trucks, road trains and pit haulage into an integrated system.
Access the full article from the Australian here: Bis eyes mining automation in Israel deal