June 3, 2022 - Epiroc, a leading productivity and sustainability partner for the mining and infrastructure industries, has completed the acquisition of JTMEC. The Australian company specializes in providing mines with electrical infrastructure, supporting the industry’s transition to battery electrification.
JTMEC, based in Perth, Australia, is an electrification infrastructure solutions provider for both underground and surface mines. The company’s offerings include high voltage installation and maintenance work, transformer servicing and testing, engineering design, feasibility studies, and training. It also manufactures electrical products including substations and mine chargers. JTMEC has 190 employees and had revenues in the fiscal year ending June 30, 2021, of about MAUD 34 (MSEK 235).
Epiroc announced on April 29, 2022, that it had agreed to acquire JTMEC.
The transaction is not subject to a disclosure obligation pursuant to the EU Market Abuse Regulation. To learn more about JTMEC, please see https://jtmec.com.au.