Swedish mining and infrastructure equipment manufacturer Epiroc has signed an agreement to acquire South African mining equipment manufacturer AARD Mining Equipment.
AARD, based near Johannesburg, designs, manufactures, services and supports a range of mining equipment, specialising in low-profile underground machines for mines with low mining heights.
The high-quality products include drill rigs, bolters, loaders, scalers and more.
The company’s customers are mainly in the Southern Africa region.
AARD has about 200 employees.
“AARD has reputable and reliable products that complement our underground product portfolio well.
“This acquisition will further strengthen our growth ambitions in Africa and beyond. We are looking forward to welcoming the great team at AARD to Epiroc,” Epiroc president and CEO Helena Hedblom says.
"We are excited about the prospect of continuing to grow the business within the Epiroc group," comments AARD CEO Mike Adendorff.