Epiroc acquires CR from American Industrial Partners
Published by Will Owen,
Global Mining Review,
American Industrial Partners (AIP) has signed a binding agreement to sell CR to Epiroc, subject to final regulatory approvals.
With this acquisition, Epiroc is expanding upon its market leading range of essential consumables, products, and digital solutions.
John Barbagallo, CR CEO, comments:
“This is a significant milestone event for everyone in the CR business and provides tremendous recognition of the value created by our collective efforts and performance over the recent years. I feel immensely proud of what we have achieved together to become an innovative technology supplier to the global mining industry.
“I strongly believe this future outcome can enable the CR business, our employees, and operating partners the opportunity to develop even further, powered with greater market reach, innovative spirit, and the financial strength of Epiroc. I look forward to working with our customers, suppliers, channel partners, stakeholders, and our new owners Epiroc to create an even better CR business for the future.
Helena Hedblom, Epiroc’s President and CEO, said:
“This acquisition will expand our offering of innovative and high-quality consumables and digital solutions that strengthen customers’ productivity and safety. We look forward to welcome the strong team at CR to Epiroc.”
The acquisition is expected to be completed in 1H23.
Read the article online at: https://www.globalminingreview.com/technology-digitalisation/19122022/epiroc-acquires-cr-from-american-industrial-partners/
You might also like
Torngat Metals engages Metso for pilot scale processing in Canada
Torngat Metals and Metso have signed a contract for large-volume pilot scale processing of ore extracted from Torngat’s Strange Lake Rare Earth project in Québec.