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.