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New Deal


Announced

Completed

Epiroc completed the acquisition of the attachment tools business of Stanley Black & Decker for $760m.

Financials

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Transaction Value£598m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

United States

handheld hydraulic tools

attachment tools

tool manufacturer

Capital Goods

Acquisition

Majority

Private

Friendly

Single Bidder

Completed

Synopsis

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Epiroc, a global productivity partner for the mining and infrastructure industries, completed the acquisition of the attachment tools business of Stanley Black & Decker, a developer of tools and outdoor operating manufacturing facilities, for $760m. "The sale of Infrastructure demonstrates our commitment to maximizing shareholder value through active portfolio management. Simplification is a core tenet of our strategic transformation, and this transaction will help further sharpen our focus on value creation opportunities in our core businesses while supporting our capital allocation priorities. I am confident that Infrastructure is positioned for a future of innovation and growth with Epiroc and would like to thank all our team members for their valuable contributions over the years," Donald Allan, Jr., Stanley Black & Decker President and CEO.

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