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Epiroc completes purchase of key assets in Australian mining equipment manufacturer

June 2, 2023 08:30 CEST

Stockholm, Sweden: Epiroc, a leading productivity and sustainability partner for the mining and infrastructure industries, has completed the purchase of the key assets of Schramm Australia, a leading manufacturer of products for reverse circulation (RC) drilling. 

Since February 2023, Schramm Australia, based in Perth, has been in voluntary administration, and Epiroc will now continue the business to the benefit of the customers. The assets include intellectual property as well as two production facilities near Perth and two service centers located in Queensland and South Australia. Schramm Australia’s employees will be offered employment at Epiroc.

Epiroc announced on May 17, 2023, that it had agreed to purchase the assets.

The transaction is not subject to a disclosure obligation pursuant to the EU Market Abuse Regulation. 

For more information please contact:
Ola Kinnander, Media Relations Manager
+46 70 347 2455

media@epiroc.com

Epiroc is a global productivity partner for mining and infrastructure customers, and accelerates the transformation toward a sustainable society. With ground-breaking technology, Epiroc develops and provides innovative and safe equipment, such as drill rigs, rock excavation and construction equipment and tools for surface and underground applications. The company also offers world-class service and other aftermarket support as well as solutions for automation, digitalization and electrification. Epiroc is based in Stockholm, Sweden, had revenues of SEK 50 billion in 2022, and has around 18 000 passionate employees supporting and collaborating with customers in around 150 countries. Learn more at www.epirocgroup.com.

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