October 23, 2018
“This acquisition is strategically important as we increase our focus on the exploration segment,” said Helena Hedblom, Epiroc’s Senior Executive Vice President Mining and Infrastructure. “The solid team at Fordia will play a key role as we continuously strengthen our value offering to customers.”
The acquisition is expected to be completed in the first quarter 2019. The purchase price is not material relative to Epiroc’s market capitalization and is not disclosed. The business will become part of Epiroc’s Rock Drilling Tools division, and will continue to be based in Montreal. To learn more about Fordia, please see www.fordia.com.