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

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.