CR reported it is being acquired by Epiroc. The development will give CR and its roughly 400 employees more growth opportunities, and Epiroc a broader range of essential consumables, products and digital solutions, CR said.

“I look forward to working with our customers, suppliers, channel partners, stakeholders, and our new owners at Epiroc to create an even better CR business for the future,” said CEO John Barbagallo.

CR’s offerings portfolio includes lips, GET, dragline buckets and rigging, conveyor systems, fixed plant wear products, block and wear, and digital solutions from payload management to GET loss detection. CR also offers training and extensive on-site support.

The acquisition will close in H1 2023.