Epiroc, the Swedish-headquartered, major drill rigs and hydraulic breakers manufacturer for the quarrying and mining industries, has agreed to acquire the business of Wain-Roy, a U.S. manufacturer of excavator attachments for the construction sector.
The Wain-Roy business, with a manufacturing site in Kronenwetter, Wisconsin, United States, is part of Oregon Tool, Inc. Wain-Roy has about 100 employees and annual revenues of around SEK 200 million ($18.19mn). The company’s customers are mainly in the United States.
“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 Q4 2022. The transaction is not subject to a disclosure obligation under the EU Market Abuse Regulation.