Diamond News

Diamond Buyers Club

Epiroc, a leading productivity partner for the mining, infrastructure and natural resources industries, has completed the acquisition of Fordia Group Inc., a Canadian manufacturer of exploration drilling tools.

Fordia Group is based in Montreal, Canada, and has sales in more than 70 countries. It provides exploration drilling tools such as diamond bits, down-the-hole tools, drill rods and drill casings, as well as water treatment systems and pumps, used by mining houses and drilling contractors.  Fordia has about 250 employees and had revenues for the 12 months ended September 2018 of about $85 million (SEK 580 million).

Epiroc announced on Oct. 23, 2018, that it had agreed to acquire Fordia. The purchase price is not material relative to the Stockholm-based company’s market capitalization and has not been disclosed. The business becomes part of Epiroc’s Rock Drilling Tools division, and will continue to be based in Montreal. 

This article originally appeared in the Canadian Mining Journal. 

The post Epiroc completes Fordia acquisition appeared first on MINING.com....

Read more from our friends at Mining.com

Pin It

Diamond Buyers Club

twitter facebook 

Follow us on Twitter and Facebook

Contact Us

+1 (832) 736-2772
 

PO Box 5613 
Katy, TX, USA