Epiroc completes acquisition of JTMEC
Swedish mining equipment maker Epiroc has completed the acquisition of JTMEC, an Australian company that specializes in providing mines with electrical infrastructure.
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 A$34 million (US$24 million).
Epiroc president and CEO Helena Hedblom said previously she believes JTMEC will be a key enable or mine electrification going forward.
“Battery electrification represents the future in the mining industry and the strong team at JTMEC is playing and important role in enabling this vital transformation,” she said.
“This acquisition will further strengthen our ability to support mining customers on their electrification journey towards fewer emissions, improved work conditions and higher productivity.
“JTMEC is also a strong compliment to Meglab, which we acquired in 2021.”
JTMEC will become part of Epiroc’s Parts & Services division.
