Epiroc to Acquire US Excavator Attachment Manufacturer Wain-Roy
Epiroc, a leading productivity partner for the mining and infrastructure industries, has agreed to acquire the business of Wain-Roy, a U.S. manufacturer of excavator attachments for the construction industry. The Wain-Roy business, with a manufacturing site in Kronenwetter, Wisconsin, United States, is part of Oregon Tool, Inc. The company’s customers are mainly in the United States. Wain-Roy has about 100 employees and annual revenues of about MSEK $200 (that’s in Swedish Krona).
“Wain-Roy is known for its high-quality products and competence,” says Helena Hedblom, Epiroc’s President and CEO. “This acquisition will strengthen our presence in the North American construction market and increase our capacity for manufacturing advanced attachments in that region.”
The acquisition is expected to be completed in the fourth quarter 2022. The transaction is not subject to a disclosure obligation pursuant to the EU Market Abuse Regulation.
Epiroc is a vital part of a sustainable society and a global productivity partner for mining and infrastructure customers. With ground-breaking technology, Epiroc develops and provides innovative and safe equipment, such as drill rigs, rock excavation and construction equipment and tools for surface and underground applications. The company also offers world-class service and other aftermarket support as well as solutions for automation, digitalization and electrification. Epiroc is based in Stockholm, Sweden, had revenues of SEK 40 billion (USD 3.64 billion) in 2021, and has more than 15,500 passionate employees supporting and collaborating with customers in more than 150 countries. Learn more at www.epirocgroup.com
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