It has been decided that Epiroc, a preeminent productivity and sustainability partner for the mining and construction sectors, will buy Weco Proprietary Limited, a African company that produces precisely manufactured rock drilling parts and offers associated repairs and services.
For clients in the mining and construction industries, Epiroc is a global productivity partner that quickens the shift to a sustainable society. Using cutting-edge technology, Epiroc creates and supplies inventive and secure equipment, including drill rigs, tools for both surface and subterranean applications, and equipment for rock excavation and building. The company also provides solutions for automation, digitization, and electrification in addition to first-rate aftermarket support and service.
South Africa, close to Johannesburg, is home to Weco. With over 40 years of expertise in the field, the company employed over 80 people and generated revenues of approximately MZAR 160 (MSEK 90) in the fiscal year that concluded on May 31, 2023. Southern African underground mining firms make up the majority of Weco’s clientele.
The president and CEO of Epiroc, Helena Hedblom, states, “This acquisition will strengthen our manufacturing capabilities and expand our product portfolio of spare parts in the growing and important African region.” “We are excited to have the talented Weco team join the Epiroc Group.”
The transaction is anticipated to close in the second quarter of 2024, pending usual regulatory filings. The EU Market Abuse Regulation does not impose a disclosure obligation on the transaction.
