Epiroc acquired the key assets of Schramm Australia, which makes reverse circulation drilling technology. Above, the Schramm T685 Series rig. (Photo: Epiroc)
Epiroc agreed to purchase the key assets of Schramm Australia, a manufacturer of products for reverse circulation (RC) drilling. The Perth-based company has been in voluntary administration since February 2023.
The assets include intellectual property, two production facilities near Perth, and two service centers located in Queensland and South Australia. The purchase is expected to be completed in Q2 2023. Schramm Australia’s employees will be offered employment at Epiroc.
Epiroc said Schramm is a global leader in RC technology. “We look forward to welcoming the strong team at Schramm Australia to the Epiroc Group,” said CEO Helena Hedblom.
