Epiroc, a Sweden-headquartered major global market manufacturer of drill rigs and hydraulic breakers for the quarrying and mining industries, has completed the acquisition of STANLEY Infrastructure, a global manufacturer of excavator attachments and handheld hydraulic tools, from Stanley Black & Decker, Inc.
The strategic acquisition will strengthen Epiroc’s presence in the attachments business in infrastructure and construction, especially in the United States.
STANLEY Infrastructure, which was a business within Stanley Black & Decker’s Industrial business segment, is headquartered in Milwaukie, Oregon, United States. It designs, manufactures, and sells attachments, typically used on excavators and handheld hydraulic and battery-powered tools for infrastructure, construction, scrap recycling, demolition, and railroad infrastructure applications.
STANLEY Infrastructure’s strong and innovative brands include LaBounty, Paladin, Pengo and Dubuis. The business had revenues in 2023 of about US$450 million (SEK 4.7 billion) and about 1 380 employees, mainly in the United States. More financial information will be provided during Epiroc’s first quarter 2024 results presentation on April 23.
STANLEY Infrastructure has ten key production facilities in the United States, Canada, France, and China. The vast majority of its revenues are generated in North America.
Epiroc announced on December 15, 2023, that it had agreed to acquire STANLEY Infrastructure.
The purchase price is US$760 million (SEK 8.2 billion.) The acquisition was an all-cash transaction.
