November 6, 2018
Parts of the team at Innovative Mining Products
The acquisition is expected to be completed in the first quarter 2019, pending approval from regulatory authorities. 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 Johannesburg. To learn more about the business, please see www.newconceptmining.com.