Global supplier Weir confirmed it has completed the acquisition of Fast2 Mine Tecnologia e Desenvolvimento de Sistemas Ltda.
The company first detailed its plan on September 23. No financial details for the transaction have been disclosed.
Fast2Mine, a Brazil-based software provider to the mining industry with a focus on mine management solutions, will be integrated within Micromine and reported within the ESCO division.
“We are delighted to formally welcome Fast2Mine to Weir. Fast2Mine’s software is highly complementary with the Micromine portfolio, particularly the Alastri open pit mine planning and Pitram underground mine management solutions, and we are very excited by the opportunity to further accelerate our strategy to provide leading software solutions to the mining industry,” said CEO Jon Stanton.
“Fast2Mine will accelerate our expansion in the mining software market in South America, providing a strong and immediate presence in the region, and offers a significant opportunity for growth internationally.”
Weir officials said the acquisition does not result in a change to Weir’s full-year revenue, operating profit, and leverage guidance that was already confirmed as of July 31.
Source: global.weir