May. 02, 2021
“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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