Epiroc has completed the acquisition 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 has more than four decades of industry experience, about 80 employees and had revenues in the 2023 fiscal year of about $11.4 million. Weco’s customers are mainly underground mining companies in the Southern African region.
Last December, Epiroc announced it had agreed to acquire Weco.
“This acquisition will strengthen our manufacturing capabilities and expand our product portfolio of spare parts in the growing and important African region,” said Helena Hedblom, Epiroc’s President and CEO. “We look forward to welcoming the strong team at Weco to the Epiroc Group.”
The purchase price of Weco was not disclosed.
In April, Epiroc also completed the acquisition of Stanley Infrastructure from Stanley Black & Decker Inc. The strategic acquisition aims to strengthen Epiroc’s presence in the attachments business in infrastructure and construction, particularly in the United States.
