Mining equipment supplier Epiroc has agreed to acquire the business of Eventspec, a South African mining aftermarket solutions provider that manufactures parts for drill rigs, mine trucks and loaders and provides related rebuilds, repairs and services.
Eventspec is based in Johannesburg and its customers are mainly mining companies in South Africa.
“This acquisition will be a strong and strategic addition to our manufacturing capabilities and expand our product portfolio of spare parts and related services in the growing and important African region and beyond.
“We look forward to welcoming the capable team at Eventspec to the Epiroc Group,” says Epiroc president and CEO Helena Hedblom.
The acquisition is subject to customary regulatory filings and is expected to be completed in the early part of the third quarter.
The acquisition will be part of the equipment and service business area, and booked under the service revenue stream.