Epiroc has signed a deal to acquire South African equipment manufacturer AARD for an undisclosed sum.
AARD, based near Johannesburg, South Africa, designs, manufactures, services and supports a wide range of mining equipment, specializing in low-profile underground machines for mines with low mining heights.
The company’s line-up include drill rigs, bolters, loaders, scalers, and more, with customers mainly in the Southern Africa region.
The acquisition is expected to be completed in the next few months, pending regulatory approval and closing conditions.
“AARD has reputable and reliable products that complement our underground product portfolio well,” said Epiroc president and CEO Helena Hedblom. “This acquisition will further strengthen our growth ambitions in Africa and beyond.”