Epiroc, the developer and supplier of innovative equipment to the mining and infrastructure sectors, has announced that it has completed the acquisition of the business of Wain-Roy, a US-based manufacturer of excavator attachments for the construction industry.
Manufacturing and construction
In a statement, Epiroc said that the transaction, which is not subject to a disclosure obligation pursuant to the EU Market Abuse Regulation, follows the October 21, 2022, announcement that it had agreed a deal to purchase the business of Wain-Roy.
Part of Oregon Tool, the Wain-Roy business has a manufacturing site in Kronenwetter, Wisconsin. Its customers are mainly in the US, and it employs about 100 people. The company’s annual revenues are about US$18.40m.
Epiroc develops and provides equipment such as drill rigs, rock excavation, and construction equipment and tools for surface and underground applications. It offers world-class service and aftermarket support, as well as solutions for automation, digitalisation, and electrification.
The company had revenues of US$3.68bn in 2021 and has more than 15,500 employees working across 150 countries.
Australian mining acquisitions
The acquisition of Wain-Roy continued a busy year for Epiroc, who also announced, in November, that it had completed its acquisition of a majority stake (53%) in the Australian mine connectivity provider, Radlink. Headquartered in Perth, Australia, the company designs, delivers, and integrates wireless data and voice communication networks to surface and underground mines across Australia.
Robust wireless networks are vital to support mining automation, including autonomous and tele-remote solutions, which in turn strengthen safety and productivity. The company has approximately 330 employees and had revenues in the fiscal year ending June 30th 2022, of about US$93.6m.
Furthermore, the Swedish company also recently acquired Remote Control Technologies, an Australian company based out of Perth, that provides automation and remote-control solutions for mining customers around the world. With this acquisition, Epiroc becomes a world-leading automation solutions provider, not only for surface and underground rock drilling, but also for underground loading and haulage.