Epiroc to Acquire Mining Electrification Solutions Provider Meglab
Epiroc MeglabEpiroc

Epiroc to Acquire Mining Electrification Solutions Provider Meglab

Leading productivity and sustainability partner for the mining and infrastructure industries Epiroc has agreed to acquire Meglab, a Canadian company with

Leading productivity and sustainability partner for the mining and infrastructure industries Epiroc has agreed to acquire Meglab, a Canadian company with expertise in providing electrification infrastructure solutions to mines. The solutions support mining customers in their transition to battery-electric vehicles. Meglab, based in Val-D’Or, Quebec, Canada, is a technology integrator that designs, manufactures, installs and supports practical and cost-effective electrification and telecommunications infrastructure solutions to customers in several countries. Its products and solutions include system design, substations, switchgears and automation system solutions, enabling the infrastructure needed for mine electrification and equipment charging solutions, as well as for digitalization and automation of operations. Meglab has more than 240 employees and had revenues in 2020 of about MCAD 49 (MSEK 335).

The acquisition is expected to be completed in Q2 2021. The purchase price is not material relative to Epiroc’s market capitalization and is not disclosed. The business will become part of Epiroc’s Parts & Services division and will continue to be based in Canada.

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