M&A Deal Summary

Epiroc Acquires CR

On December 13, 2022, Epiroc acquired machinery company CR from American Industrial Partners

Acquisition Highlights
  • This is Epiroc’s 1st transaction in the Machinery sector.
  • This is Epiroc’s 2nd transaction in Australia.

M&A Deal Summary

Date 2022-12-13
Target CR
Sector Machinery
Buyer(s) Epiroc
Sellers(s) American Industrial Partners
Deal Type Add-on Acquisition

Target

CR

Murarrie, Australia
CR is a global provider of innovative productivity technology solutions to the world’s leading mining operations, including productivity-enhancing digital technology, surface mining technology, and wear protection and processing. CR was founded in 1979 and is based in Murarrie, Australia.

Search 214,239 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Epiroc

Nacka, Sweden

Category Company
Founded 1873
Sector Machinery
Employees19,042
Revenue 63.6B SEK (2024)
DESCRIPTION

Epiroc is a vital part of a sustainable society and a global productivity partner for mining and infrastructure customers. With ground-breaking technology, Epiroc develops and provides innovative and safe equipment, such as drill rigs, rock excavation, and construction equipment and tools for surface and underground applications. Epiroc was founded in 1873 and is based in Nacka, Sweden.


DEAL STATS #
Overall 3 of 3
Sector: Machinery M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Australia M&A 2 of 2
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-01 Kinetic Logging Services

Perth, Australia

Kinetic Logging Services, based in Perth, Australia, provides mining-technology measurement services to build improved geological models that help mining companies increase productivity. The company’s flagship product is OreSight, a highly advanced solution that provides near real-time borehole assay data and grade information. The mining companies feed this data directly into their blast pad models, allowing them to make improved decisions on production and ore blending.

Buy -

Seller(S) 1

SELLER

American Industrial Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 10.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

American Industrial Partners is a private equity firm focused on investments in North American manufacturing or industrial service companies. For platform acquisitions, the Firm seeks businesses with at least $500 million of revenue and the Firm will consider transactions valued up to $2 billion. Operating characteristics of prospective businesses include historical record of strong free cash flows, opportunities to drive value through operating enhancements, and sustainable competitive advantages. American Industrial Partners will consider a variety of transaction types including leveraged buyouts, structured equity investments, bridge financings, senior debt, carve-outs, take privates, turnarounds, and rescue financings. American Industrial Partners was formed in 1989 and is based in New York City.


DEAL STATS #
Overall 26 of 30
Sector: Machinery M&A 7 of 9
Type: Add-on Acquisition M&A Deals 6 of 8
Country: Australia M&A 1 of 1
Year: 2022 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-07 Vertex

Madison, Mississippi, United States

Vertex delivers integrated turnkey lifecycle support from concept definition to engineering and manufacturing, through the end of life support of complex systems and platforms, Vertex offerings include all levels of aviation maintenance, worldwide contractor logistics support, systems engineering and integration, specialized onsite mission execution, high consequence training programs for defense and commercial customers, and integrated supply-chain solutions. Vertex is based in Madison, Mississippi.

Sell $2.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-06 Veoneer - Restraint Control Systems Business

Stockholm, Sweden

Veoneer's Restraint Control Systems (RCS) business focuses on developing and manufacturing automotive safety technology that triggers passive safety features like airbags and seatbelt tensioners in a crash, essentially aiming to mitigate the impact of collisions and protect vehicle occupants by automatically activating these systems when a crash is imminent. Veoneer's Restraint Control Systems Business is based in Stockholm, Sweden.

Buy -