Epiroc expanding electrification capabilities
29 April 2022
Epiroc, the Swedish supplier of mining and infrastructure equipment and technology, has agreed to acquire JTMEC, an Australian company specializing in providing mines with electrical infrastructure. No financial details were provided.
Epiroc announced it will acquire JTMEC, a provider of electrification systems for mining. (Photo: Epiroc)
Based in Perth, JTMEC supplies electrification infrastructure for both underground and surface mines. The company’s offerings include high voltage installation and maintenance work, transformer servicing and testing, engineering design, feasibility studies, and training. It also manufactures electrical products including substations and mine chargers.
JTMEC has 190 employees and had revenues in the 2021 fiscal year of about $24 million.
“Battery electrification represents the future in the mining industry, and the strong team at JTMEC is playing an important role in enabling this vital transformation,” said Helena Hedblom, Epiroc’s president and CEO. “This acquisition will further strengthen our ability to support mining customers on their electrification journey toward less emissions, improved work conditions, and higher productivity. JTMEC is also a strong complement to Meglab, which we acquired in 2021.”
The acquisition is expected to be completed in the second quarter 2022.
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