Epiroc Completes Acquisition of South African Mining Equipment Manufacturer AARD
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Epiroc has completed the acquisition of AARD Mining Equipment, a South African mining equipment manufacturer.
AARD, based near Johannesburg, South Africa, designs, manufactures, services, and supports a wide range of mining equipment, specializing in low-profile underground machines for mines with low mining heights. The high-quality products include drill rigs, bolters, loaders, scalers, and more. The company’s customers are mainly in the Southern Africa region. AARD has approximately 200 employees and had revenues in the fiscal year ending June 30, 2022, of about MSEK $650.
Epiroc said in August 2022, that it had agreed to acquire AARD.
The transaction is not subject to a disclosure obligation pursuant to the EU Market Abuse Regulation.
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 and has around 17,000 passionate employees supporting and collaborating with customers in around 150 countries.
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