MergerLinks Header Logo

Announced

Completed

Epiroc completed the acquisition of Kinetic Logging Services from SCF Partners.

Synopsis

Epiroc, a Swedish manufacturer of mining and infrastructure equipment, completed the acquisition of Kinetic Logging Services, an Australian company that provides mining companies with geophysical logging services, from SCF Partners, a private equity firm. Financial terms were not disclosed. "The transaction is a win-win for all parties involved. Epiroc has the global platform and customer base necessary to deploy and grow this technology outside of Australia, which will provide great opportunities for the Kinetic Logging Services’ management team, while MPCK was able to realize significant value from this divestiture. The proceeds from the sale will allow MPCK to reduce debt and pay a meaningful dividend to shareholders, and will also allow the group to have a clearer strategic focus on the LNG, renewables and major utility infrastructure sectors going forward," Andy Waite, SCF Co-President.

Show Details & Financials

Market Context

Sort

Search a database of more than 250,000 verified dealmakers

Receive automated updates on global transactions

Follow the activity, relationships and transactions of top dealmakers

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US