Epiroc has entered an agreement to acquire Meglab, a Canadian company with expertise in providing electrification infrastructure solutions to mines.
Meglab, based in Val-D’Or, Quebec, is a technology integrator that designs, manufactures, installs and supports electrification and telecommunications infrastructure solutions to customers in several countries.
The company’s products and solutions include system design, substations, switchgears and automation system solutions, enabling the infrastructure needed for mine electrification and equipment charging solutions, as well as for digitalization and automation of operations.
Founded in 1994, Meglab has more than 240 employees and generated revenue of about $49 million in 2020. The company is active in more than 15 countries.
“Epiroc is proud to be the leader in providing battery-electric vehicles for the mining industry, improving customers’ work environment and lowering their emissions while increasing their productivity,” said Helena Hedblom, Epiroc’s president and CEO.
“The acquisition of Meglab will strengthen our capacity to provide the infrastructure required as mines transition to battery-electric vehicles.” The acquisition is expected to be completed in the second quarter of 2021. Meglab will become part of Epiroc’s Parts & Services division and will continue to be based in Canada.