Epiroc has agreed to purchase the key assets of Schramm Australia, a leading manufacturer of products for reverse circulation (RC) drilling. Since February 2023, the Perth-based company has been in voluntary administration.
“The Schramm products and brand are well known as a global leader in reverse circulation technology,” said Epiroc President and CEO Helena Hedblom. “We look forward to welcoming the strong team at Schramm Australia to the Epiroc Group.”
The assets include intellectual property as well as two production facilities near Perth and two service centers located in Queensland and South Australia. The asset purchase is expected to be completed in the second quarter 2023. Schramm Australia’s employees will be offered employment at Epiroc.
