Epiroc completes geotechnical consumables product line divestment

Epiroc says it has completed the divestment of its geotechnical consumables product line to global investment firm Mimir Invest AB.

The products within this line are manufactured and assembled in Finland, Scotland and the US, and consist mainly of large down-the-hole hammers and related drill bits and casing advancement systems. It was previously part of Epiroc’s Rock Drilling Tools division.

The planned sale was originally announced on June 11.

The product line employed about 40 people in Epiroc who will all transfer to the new business, according to the company.