Epiroc to acquire innovative provider of ground engaging tools and digital solutions
Stockholm, Sweden: Epiroc, a leading productivity and sustainability partner for the mining and infrastructure industries, has agreed to acquire CR, an Australia-based provider of advanced ground engaging tools (GET) and related digital solutions mainly for the mining industry. With this acquisition, Epiroc is expanding its first-rate offering of essential consumables and digital solutions.
CR is headquartered in Brisbane, Australia, and operates globally. The company’s products include cast lips, teeth, and protective shrouds installed on mining buckets and loaders. Its digital solutions include, among other offerings, the real-time GET loss detection system GET Trakka and the Titan 3330 payload management system. The solutions strengthen safety and productivity, and protect against expensive delays in the mining operations. CR’s GET offering covers both surface and underground mining.
CR has about 400 employees and had revenues of about MAUD 240 (BSEK 1.7) in the 12 months ending September 30, 2022.
“This acquisition will expand our offering of innovative and high-quality consumables and digital solutions that strengthen customers’ productivity and safety,” says Helena Hedblom, Epiroc’s President and CEO. “We look forward to welcome the strong team at CR to Epiroc.”
The acquisition is expected to be completed in the first half 2023. The transaction is not subject to a disclosure obligation pursuant to the EU Market Abuse Regulation. To learn more about CR, please see https://crmining.com/.
CR's Get Trakka
For more information please contact:
Ola Kinnander, Media Relations Manager
+46 70 347 2455
media@epiroc.com
Epiroc is a vital part of a sustainable society and a global productivity partner for mining and infrastructure customers. With ground-breaking technology, Epiroc develops and provides innovative and safe equipment, such as drill rigs, rock excavation and construction equipment and tools for surface and underground applications. The company also offers world-class service and other aftermarket support as well as solutions for automation, digitalization and electrification. Epiroc is based in Stockholm, Sweden, had revenues of SEK 40 billion in 2021, and has more than 15 500 passionate employees supporting and collaborating with customers in more than 150 countries. Learn more at www.epirocgroup.com.
Tags:
