Epiroc to acquire South African OEM

Epiroc signed an agreement to acquire AARD Mining Equipment

Epiroc, a productivity and sustainability partner for the mining and infrastructure industries, has signed an agreement to acquire AARD Mining Equipment, a South African mining equipment manufacturer. Terms were not disclosed.

underground mining A low-profile loader from AARD Mining Equipment. (Photo: Epiroc)

AARD, based near Johannesburg, designs, manufactures, services and supports a wide range of mining equipment, specializing in low-profile underground machines for mines with low mining heights. The products include drill rigs, bolters, loaders, scalers and more. The company’s customers are mainly in the Southern Africa region. AARD has approximately 200 employees and had revenues in the fiscal year ending June 30, 2022, of about MSEK 650.

“AARD has reputable and reliable products that complement our underground product portfolio well,” said Helena Hedblom, Epiroc president and CEO. “This acquisition will further strengthen our growth ambitions in Africa and beyond. We are looking forward to welcoming the great team at AARD to Epiroc.”

“We are excited about the prospect of continuing to grow the business within the Epiroc Group,” said Mike Adendorff, CEO of AARD.

The acquisition is expected to be completed in the next few months, said Epiroc.

AARD was established in 1983 as part of the Boart group of companies and since 2018 has been wholly owned by Matasis Mining Equipment Pty Ltd.


Receive the information you need when you need it through our world-leading magazines, newsletters and daily briefings.

Sign up


The trusted reference and buyer’s guide for 83 years

The original “desktop search engine,” guiding nearly 10,000 users in more than 90 countries it is the primary reference for specifications and details on all the components that go into engine systems.

Visit Now

Becky Schultz Vice President of Content Tel: +1 480 408 9774 E-mail: [email protected]
Julian Buckley Editor Tel: +44 (0) 1892 784088 E-mail: [email protected]
Chad Elmore Managing Editor Tel: +1 262 754 4114 E-mail: [email protected]
Josh Kunz Power Progress Brand Manager Tel: +1 414 379 2672 E-mail: [email protected]
Roberta Prandi Power Progress International Brand Manager Tel: +39 334 6538183 E-mail: [email protected]
Simon Kelly Sales Manager Tel: +44 (0) 1892 786 223 E-mail: [email protected]