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Epiroc AB, listed on Nasdaq Stockholm under the symbol EPIA, is a leading global provider of solutions for the mining and infrastructure industries. The company designs, manufactures, and markets a wide range of innovative equipment, including drill rigs, rock excavation tools, and construction equipment. Headquartered in Sweden, Epiroc operates worldwide, serving customers in over 150 countries.
In a strategic move to expand its product portfolio, Epiroc acquired STANLEY Infrastructure, a division of Stanley Black & Decker, for $760 million in cash. This acquisition, completed in April 2024, strengthens Epiroc's position in the market for attachments and handheld hydraulic tools. These products are essential for applications in infrastructure, construction, scrap recycling, demolition, and railroad maintenance.
The acquisition is expected to generate significant revenue, with STANLEY Infrastructure anticipated to bring in approximately $450 to $470 million, reflecting a mid-to-high teens adjusted EBITDA margin for FY2023. This aligns with Epiroc's goal of sustainable growth and innovation, bolstered by its strong and reputable brands like LaBounty, Paladin, Pengo, and Dubuis.
Epiroc's commitment to innovation is evident in its continuous investment in research and development. This ensures that the company remains at the forefront of technological advancements, offering robust and efficient solutions to its customers. Epiroc's products are designed to meet the stringent demands of the mining and construction sectors, focusing on safety, sustainability, and productivity.
Financially, Epiroc is well-positioned, utilizing the cash proceeds from acquisitions to reduce debt and strengthen its balance sheet. The company's strategic initiatives are aimed at maximizing shareholder value through active portfolio management and capital allocation.
Guided by a mission to provide superior productivity and sustainability in mining and infrastructure, Epiroc continues to be a trusted partner for industries worldwide. Its dedication to quality and innovation ensures long-term growth and success, reinforcing its standing as a leader in the sector.
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