Epiroc, a global market manufacturer of drill rigs and hydraulic breakers for the quarrying and mining industries, has completed the acquisition of the business of Wain-Roy, a U.S. manufacturer of excavator attachments for the construction industry.
The Wain-Roy business, with a manufacturing site in Kronenwetter, Wisconsin, United States, was part of Oregon Tool. The company’s customers are mainly in the United States.
Wain-Roy has about 100 employees and annual revenues of about 200 million Swedish Krona ($28.5 million).
Epiroc announced on October 21, 2022, that it had agreed to acquire the business of Wain-Roy.
“Wain-Roy is known for its high-quality products and competence,” said Helena Hedblom, Epiroc’s President, and CEO. “This acquisition will strengthen our presence in the North American construction market and increase our capacity for manufacturing advanced attachments in that region.”
The transaction is not subject to a disclosure obligation under the EU Market Abuse Regulation.
Epiroc, based in Stockholm, Sweden, had revenues of 40 billion Swedish Krona ($5.7 billion) in 2021 and has more than 15,500 employees in more than 150 countries.