Announced
Synopsis
Weir Group, an engineering solutions provider focused on the minerals, oil and gas and power markets, agreed to acquire Fast2Mine, a software provider to the mining industry, with a focus on mine management solutions (MMS). Financial terms are not disclosed. "The acquisition of Fast2Mine will accelerate our expansion into the South American mining software market, providing a strong and immediate presence in Brazil, home to some of the world's largest mineral deposits. Fast2Mine's software platform is a highly complementary addition to Weir's mining software suite, including meaningful synergies with Micrormine's Alastri open pit mine planning solution and adjacency with Micromine's Pitram underground fleet management solution. We are looking forward to welcoming Fast2Mine to Weir and are excited by the opportunity to further accelerate our vision for digitally enabled mine optimisation," Jon Stanton, Weir Group CEO.
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