Epiroc, a leading Sweden-headquartered productivity and sustainability partner for the global mining and infrastructure industries, has purchased the key assets of Schramm Australia, a leading manufacturer of products for reverse circulation (RC) drilling.
Epiroc has completed its acquisition of key assets of Schramm Australia. Pic: Piotr Swat. Dreamstime.com
Since February 2023, Schramm Australia, based in Perth, has been in voluntary administration, and Epiroc will now continue the business to benefit the customers. The assets include intellectual property, two production facilities near Perth, and two service centres in Queensland and South Australia. Schramm Australia’s employees will be offered employment at Epiroc.
Epiroc announced on May 17, 2023, that it had agreed to purchase the assets.
The transaction is not subject to a disclosure obligation under the EU Market Abuse Regulation.
