Weir has entered into a binding agreement to acquire Australia-based Mining Software Holdings Pty Ltd (Micromine) for a sterling equivalent enterprise value of A$1,310 million.
“The acquisition of Micromine is a significant step in our strategy of investing in technology to accelerate smart, efficient and sustainable mining. The combined force of Micromine and Weir will create a sector-leading globally scaled platform to optimise performance across the mining process,” said Weir CEO Jon Stanton.
“In Micromine, we are adding an established, high-quality business and proven performer that is complementary to Weir’s aftermarket-focused business model and current digital solutions. This acquisition provides a compelling opportunity for strong value creation in the immediate and longer term.”
Under Weir’s ownership, Micromine will leverage the company’s global direct distribution channels in mining to further accelerate its growth. The transaction is expected to complete in the second quarter of 2025.
Source: Weir