Tag Archives: Epiroc M&A

Epiroc eyes Baltic expansion with purchase of Estonia-based mining equipment distributor

Epiroc has made another acquisition, this time taking over Sautec AS, an Estonian distributor of mining and construction equipment.

Sautec is based in Tallinn, Estonia, and is active also in Latvia and Lithuania. The company, which has six employees, distributes underground mining equipment and construction demolition tools with related parts, services and consumables.

This is Epiroc’s third acquisition in as many weeks, after buying exploration rock tools manufacturer Fordia and 34% of mining autonomy major ASI.

Helena Hedblom, Epiroc’s Senior Executive Vice President Mining and Infrastructure, said the deal was focused on expanding the company’s presence in the Baltic region.

Epiroc said the purchase price was not material relative to its market capitalisation and, therefore, had not been disclosed.

Sautec will become part of Epiroc’s Mining and Rock Excavation Service division.