Epiroc to acquire breaker manufacturer
27 April 2021
Infrastructure and mining equipment specialist Epiroc has agreed to acquire DandA Heavy Industries, a South Korean manufacturer of hydraulic breakers, for an undisclosed sum.
DandA Heavy Industries, based in Seoul, manufactures and sells hydraulic breakers for the construction, demolition, rock excavation, quarrying and infrastructure industries.
It has about 60 employees and had revenues in 2020 of about SEK210 million (US$25 million).
“The acquisition of DandA Heavy Industries will strengthen our leading position on hydraulic attachment tools for the construction industry and supports our long-term growth strategy,” said Helena Hedblom, Epiroc’s president and CEO.
The acquisition is expected to be completed at the end of the second quarter of this year. The business, which will become part of Epiroc’s tools and attachments division, will keep its brand and channels and continue to be based in South Korea.