Epiroc to acquire mining equipment manufacturer, AARD
The acquisition is part of Eprioc’s strategy to increase its underground product portfolio and expand its presence in the Africa region
Swedish mining giant Epiroc has signed an agreement to acquire AARD Mining Equipment, a South African manufacturer that specialises in low-profile, underground machines for mines with low mining heights.
Based near Johannesburg, AARD designs, manufactures, services and supports a wide range of mining equipment including drill rigs, bolters, loaders and scalers.
In early September 2022, Caterpillar inked a deal to replace the haul truck fleet at a Chilean mine.
The acquisition is said to be part of Eprioc’s strategy to increase its underground product portfolio and expand its presence in the Africa region.
“AARD has reputable and reliable products that complement our underground product portfolio well,” says Helena Hedblom, Epiroc’s President and CEO. “This acquisition will further strengthen our growth ambitions in Africa and beyond. We are looking forward to welcoming the great team at AARD to Epiroc.”
The deal comes on the back of the RNP México acquisition that was completed by Epiroc at the beginning of last month. RNP México is based in Mexico with branches in both Chile and Peru, it develops, manufactures, and sells rock drills and related components, serving mining and construction customers mainly in Latin America.
“We are excited about the prospect of continuing to grow the business within the Epiroc Group,” concluded Mike Adendorff, AARD’s CEO.
In August 2022, Weir Mineral partnered with Eriez to offer coarse particle flotation systems.
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