Epiroc to acquire South Korean hydraulic breaker manufacturer

May. 02, 2021

Epiroc, Stockholm, a productivity and sustainability partner for the mining and infrastructure industries, has agreed to acquire DandA Heavy Industries, Seoul, South Korea. DandA Heavy Industries manufactures and sells hydraulic breakers for customers in construction, demolition, rock excavation, quarrying and infrastructure. The company has about 60 employees and had revenues in 2020 of about SEK 210 million (US$25 million).

“The acquisition of DandA Heavy Industries will strengthen our leading position on hydraulic attachment tools for the construction industry and supports our long-term growth strategy,” said Helena Hedblom, Epiroc’s president and CEO.

The acquisition is expected to be completed at the end of the 2021 second quarter. The purchase price is not material relative to Epiroc’s market capitalization and is not disclosed. The business will become part of Epiroc’s Tools & Attachments division. It will keep its brand and channels, and continue to be based in South Korea.

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