Perth-based Schramm Australia has been in voluntary administration since February 2023, and Epiroc says it will now continue the business to the benefit of the customers. The assets include intellectual property as well as two production facilities near Perth and two service centres located in Queensland and South Australia. Schramm Australia’s employees will be offered employment at Epiroc.
“The Schramm products and brand are well known as a global leader in reverse circulation technology,” says Helena Hedblom, Epiroc president and CEO. “We look forward to welcoming the strong team at Schramm Australia to the Epiroc Group.”
The asset purchase is expected to be completed in the second quarter 2023. The transaction is not subject to a disclosure obligation pursuant to the EU Market Abuse Regulation.