Epiroc makes 4 acquisitions in May 2024

In recent weeks, Epiroc has completed a series of acquisitions. In May 2024 alone, four movements took place to develop and strengthen different areas of activity:

ASI Mining – May 29, 2024

Epirok agreed to acquire the remaining shares in ASI Mining, an American company offering autonomous mining solutions. Epirok already owns 34% of ASI Mining, which it acquired in 2018. The acquisition covers the remaining 66% of the company.

Headquartered in Mendon, Utah, ASI Mining is a subsidiary of Autonomous Solutions, Inc., a provider of mining automation systems such as remote control, teleoperation and fully autonomous solutions. Its solutions are OEM agnostic, meaning they work regardless of machine brand and are well suited to mixed fleets. The solutions increase mine safety and productivity while reducing emissions and total operating costs.

The acquisition of the remaining shares requires the consent of US competition regulators and is expected to be finalized in the third quarter of 2024. The parties agreed not to disclose the purchase price as the transaction is not subject to the disclosure obligation under the EU Market Abuse Directive Regulation.

The transaction will result in a positive revaluation of the properties held before the acquisition in the Equipment & Service segment. Profit will be disclosed as an element affecting comparability in the third quarter of 2024.

Turning Point – May 28, 2024

Yield strengthEpirok

The day before the last takeover Epirok has agreed to acquire the operations of Yieldpoint Inc., a Canadian company that provides advanced ground support solutions that enhance the safety of mining and civil engineering applications.

Yieldpoint is headquartered in Kingston, Ontario, Canada and has approximately 10 employees. The company designs, manufactures and sells advanced digital geotechnical instruments and has customers around the world. The products, which include ground motion sensors and telemetry solutions, are primarily used in underground mining, tunneling and civil construction. Yieldpoint solutions help you digitize ground handling and create a safer working environment.

Completion of the acquisition is expected at the end of the second quarter of 2024. The parties agreed not to disclose the purchase price, as the transaction is not subject to the disclosure obligation under the EU Market Abuse Regulation.

ACB+ — May 25, 2024

ACB+ quick connector with tip Epirok HB 2000 hydraulic hammerEpirok

A week before the last takeover Epirok agreed to take over ACB+, a manufacturer of accessories and connectors used in construction.

ACB+ is headquartered in Saint Lager, France, and has several production facilities in the country. It produces attachments and quick couplers used on excavators in construction, as well as in related areas such as scrap recycling and demolition. Quick couplers are used with carriers, typically excavators, to enable the safe and efficient exchange of attachments such as buckets and hydraulic tools.

The company is the market leader in France, has customers throughout Europe and employs approximately 140 employees.

The acquisition is expected to be completed in the third quarter of 2024. The parties agreed not to disclose the purchase price, as the transaction is not subject to the disclosure obligation under the EU Market Abuse Regulation.

Weco limited liability company — May 3, 2024

Weco plant near Johannesburg, South AfricaEpirok

At the beginning of the month, Epirok has completed the acquisition of Weco Proprietary Limited, a South African manufacturer of precision-made rock drilling parts and supplier of related repairs and services.

Weco is headquartered near Johannesburg, South Africa. The company with over forty years of experience in the industry employs approximately 80 employees. Weco’s clients are mainly companies from the underground mining industry in the Southern African region.

Epirok announced on December 12, 2023 that it had agreed to acquire Weco.

The parties agreed not to disclose the purchase price as the transaction is not subject to the disclosure obligation under the EU Market Abuse Regulation.

Before the four acquisitions in May 2024, in April 2024 Epirok he also acquired another company:

STANLEY Infrastructure — April 1, 2024

AND STANLEY Infrastructure mobile scissor attachment for scrap recycling by LaBountyEpioc

In April, Eprioc completed the acquisition STANLEY infrastructure, global manufacturer of excavator accessories and hydraulic hand tools from Stanley Black & Decker, Inc. Strategic acquisition will strengthen Epiroc presence in the infrastructure and construction equipment industry, especially in the USA

STANLEY infrastructure, which was a business inside Stanley Black & Decker Industrial business segment headquartered in Milwaukie, Oregon. It designs, manufactures and sells attachments typically used on excavators and hydraulic and battery-powered hand tools for applications in infrastructure, construction, scrap recycling, demolition and rail infrastructure.

Its strong and innovative brands include LaBounty, Paladin, Pengo and Dubuis. STANLEY Infrastructure employs approximately 1,380 employees, mainly in the USA

The company has 10 key manufacturing plants in the USA, Canada, France and China. The vast majority of revenues are generated in North America.

Epirok announced on December 15, 2023 that it had agreed to the acquisition STANLEY Infrastructure.

The purchase price is USD 760 million (SEK 8.2 billion). The takeover was a cash acquisition.