Epiroc has agreed to acquire Weco Pty. Ltd., a South African manufacturer of precision-engineered rock drilling parts and provider of related repairs and services. Based near Johannesburg, the company has more than four decades of industry experience, has about 80 employees and had revenues in the fiscal year ending May 31, 2023, of about $8.8 million. Weco’s customers are mainly underground mining companies in the Southern African region.
“This acquisition will strengthen our manufacturing capabilities and expand our product portfolio of spare parts in the growing and important African region,” said Helena Hedblom, Epiroc’s President and CEO. “We look forward to welcoming the strong team at Weco to the Epiroc Group.”
The acquisition is subject to customary regulatory filings and is expected to be completed in Q2 2024.
