CR, based in Brisbane, manufactures ground-engaging tools (GET) and digital systems for the mining industry. Its products include cast lips, teeth and protective shrouds for excavator buckets and loaders.
Its digital products include a real-time GET loss detection system, called GET Trakka, and the Titan 3330 payload management system.
CR鈥檚 product range 鈥渟trengthens safety and productivity and protects against expensive delays in mining operations,鈥� said Epiroc. Its products are used in both surface and underground mining applications.
CR employs around 400 people and had revenues of about AU$240m (拢133m) in the 12 months ending September 2022.
鈥淭his acquisition will expand our offering of innovative and high-quality consumables and digital solutions that strengthen customers鈥� productivity and safety,鈥� said Helena Hedblom, Epiroc鈥檚 president and CEO. 鈥淲e look forward to welcome the strong team at CR to Epiroc.鈥�
The acquisition is expected to be completed in the first half 2023. The transaction is not subject to a disclosure obligation pursuant to the EU market abuse regulation.聽
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