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New Deal


Announced

Epiroc to acquire Remote Control Technologies.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

remote control

Australia

automation solutions

Cross Border

Electronic Components and Equipment

Single Bidder

Majority

Friendly

Private

Pending

Synopsis

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Epiroc, a Swedish manufacturer of mining and infrastructure equipment, agreed to acquire Remote Control Technologies, an Australian company that provides automation and remote-control solutions for mining customers. Financial terms were not disclosed. “Automation is increasingly important for the mining industry to strengthen safety and productivity, and RCT’s advanced solutions complement Epiroc’s existing automation offering well. Together we will provide complete automation and remote-control solutions to support our customers on their journey towards optimal operations. We are especially pleased that Bob Muirhead, RCT’s founder and a true pioneer within mining automation, will continue in an active management role. We look forward to welcoming the strong RCT team to Epiroc,” Helena Hedblom, Epiroc President and CEO.

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