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 high-quality products include drill rigs, bolters, loaders, scalers, and more. The company’s customers are mainly in the Southern Africa region. AARD has approximately 200 employees and had revenues in the fiscal year ending June 30, 2022, of about MSEK 650.
Epiroc has signed an agreement to acquire AARD Mining Equipment, a South African mining equipment manufacturer.
The acquisition is expected to be completed in the next few months. The transaction contains conditions normal for transactions of this nature, including regulatory approval from the competition authorities. The transaction is not subject to a disclosure obligation pursuant to the EU Market Abuse Regulation.