Epiroc Completes Acquisition Of Weco, A Rock Drilling Parts Manufacturer In South Africa
Epiroc Completes Acquisition Of Weco, A Rock Drilling Parts Manufacturer In South Africa. Epiroc, a leading productivity and sustainability partner for the mining and construction industries, has completed the acquisition of the business of Weco Proprietary Limited, a South African manufacturer of precision-engineered rock drilling parts and provider of related repairs and services.
Weco is based near Johannesburg, South Africa. The company, which has more than four decades of industry experience and has about 80 employees. Weco’s customers are mainly underground mining companies in the Southern African region. Epiroc announced on December 12, 2023, that it had agreed to acquire Weco. The parties have agreed not to disclose the purchase price as the transaction is not subject to a disclosure obligation pursuant to the EU Market Abuse Regulation.
“This acquisition will strengthen our manufacturing capabilities and expand our product portfolio of spare parts in the growing and important African region,” says Helena Hedblom, Epiroc’s President and CEO. “We look forward to welcoming the strong team at Weco to the Epiroc Group.”
Epiroc is a global productivity partner for mining and construction 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.
