Epiroc Strengthens Infrastructure Business with STANLEY Infrastructure Acquisition
Epiroc AB, a leading productivity and sustainability partner for the mining and construction industries, has completed the acquisition of STANLEY Infrastructure, a global manufacturer of excavator attachments and handheld hydraulic tools, from Stanley Black & Decker, Inc.
The strategic acquisition will strengthen Epiroc’s presence in the attachments business in infrastructure and construction, especially in the United States.
STANLEY Infrastructure, which was a business within Stanley Black & Decker’s Industrial business segment, is headquartered in Milwaukie, Oregon, United States.
It designs, manufactures, and sells attachments, typically used on excavators, and handheld hydraulic and battery-powered tools for applications in infrastructure, construction, scrap recycling, demolition, and railroad infrastructure.
Its strong and innovative brands include LaBounty, Paladin, Pengo and Dubuis. STANLEY Infrastructure
had revenues in 2023 of about MUSD 450 (SEK 4.7 billion), and about 1 380 employees, mainly in the United States. More financial information will be provided during Epiroc’s first quarter 2024 results presentation on April 23.
The business has 10 key production facilities, in the United States, Canada, France, and China. The vast majority of the revenues are generated in North America.
Epiroc announced on December 15, 2023, that it had agreed to acquire STANLEY Infrastructure. The purchase price is MUSD 760 (SEK 8.2 billion.) The acquisition was an all-cash transaction.
