Epiroc has agreed to acquire Meglab, a Canadian company with expertise in providing electrification infrastructure solutions to mines. The solutions support mining customers in their transition to battery-electric vehicles.
Meglab, based in Val-D’Or, Quebec, Canada, is a technology integrator that designs, manufactures, installs, and supports practical and cost-effective electrification and telecommunications infrastructure solutions to customers in several countries. Its products and solutions include system design, substations, switchgears and automation system solutions, enabling the infrastructure needed for mine electrification and equipment charging solutions, as well as for digitalization and automation of operations. Meglab has more than 240 employees and had revenues in 2020 of about CAD 49 million (US$39 million).
“The acquisition of Meglab will strengthen our capacity to provide the infrastructure required as mines transition to battery-electric vehicles,” Epiroc President and CEO Helena Hedblom said.
The acquisition is expected to be completed in Q2 2021. The business will become part of Epiroc’s Parts and Services division and will continue to be based in Canada.