Epiroc to purchase key assets in Australian mining equipment manufacturer

Stockholm, Sweden: Epiroc, a leading productivity and sustainability partner for the mining and infrastructure industries, has agreed to purchase the key assets of Schramm Australia, a leading manufacturer of products for reverse circulation (RC) drilling. 

Since February 2023, Schramm Australia, based in Perth, has been in voluntary administration, and Epiroc will now continue the business to the benefit of the customers. The assets include intellectual property as well as two production facilities near Perth and two service centers located in Queensland and South Australia. Schramm Australia’s employees will be offered employment at Epiroc.

“The Schramm products and brand are well known as a global leader in reverse circulation technology,” says Helena Hedblom, Epiroc’s President and CEO. “We look forward to welcoming the strong team at Schramm Australia to the Epiroc Group.”

The asset purchase is expected to be completed in the second quarter 2023.

The transaction is not subject to a disclosure obligation pursuant to the EU Market Abuse Regulation. 

For more information please contact:
Ola Kinnander, Media Relations Manager
+46 70 347 2455
media@epiroc.com

Epiroc is a global productivity partner for mining and infrastructure customers, and accelerates the transformation toward a sustainable society. 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 50 billion in 2022, and has around 18 000 passionate employees supporting and collaborating with customers in around 150 countries. Learn more at www.epirocgroup.com.

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