MST provides digital wireless network services and applications for the global underground resources sector. MST’s intrinsically safe (IS) VoIP mine-phone, which runs on the MST digital Impact network product range, enables two-way wireless VoIP communications. Wireless miner tracking has allowed mines to streamline and centralize numerous systems onto a single digital platform, revolutionizing underground communications.
The investment will enable MST to further reinforce its customer service offering in its current core markets of Australia, the United States and Canada, and enable further expansion into rapidly growing resources markets including Africa, South America and China. MST has experienced strong growth in recent years and the investment from Macquarie will support the next phase of MST’s continued international and product expansion.
“Macquarie’s investment in MST gives us great confidence in being able to truly position ourselves as the leading global OEM of network and communications infrastructure for the world’s largest mining organizations. It will enable us to continue to roll out our sales and service support infrastructure in key markets and expand our sales capabilities to current and new customers across the globe,” said Gary Zamel, founder and managing director, MST.
MST will pursue an expansion strategy that incorporates both organic investment into current core markets and potential acquisitions to build market presence, technology innovation and resource capabilities over the coming 12 to 24 months.