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

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.