Category: Mining Equipment

Epiroc Acquires South African Mining Aftermarket Specialist Eventspec to Strengthen African Operations Swedish mining equipment and services company Epiroc has completed the acquisition of South African mining aftermarket specialist Eventspec, strengthening its manufacturing and service capabilities in one of Africa’s largest mining markets. Johannesburg-based Eventspec manufactures replacement parts for drill rigs, mine trucks and loaders, while also providing equipment rebuilds, repairs and maintenance services. The company has around 125 employees and generated approximately R280 million in revenue in 2025. The acquisition, initially announced in March 2026, has now been completed… Read More Here

Saudi Arabia’s Zahid Group Finalises $1.3bn Barloworld Acquisition in Major Middle East–Africa Deal Saudi Arabia’s Zahid Group has formally completed the acquisition of South African industrial conglomerate Barloworld, concluding a R23 billion ($1.3 billion) transaction that takes the 123-year-old company private and ranks among the most significant Middle East–Africa corporate takeovers in recent years. The acquisition, led by a consortium anchored by Zahid Group through its subsidiary Gulf Falcon Holding, was finalised in January 2026 after the buyers secured the remaining outstanding shares via a compulsory squeeze-out. Barloworld’s ordinary shares… Read More Here