Swedish giant buys small South African company that made R280 million in a single year

• Epiroc AB has completed the acquisition of Eventspec Proprietary Limited, a small South African company that made R280 million in a single year.
• The acquisition was approved by the Competition Tribunal, subject to public-interest conditions covering various socio-economic aspects, and will be incorporated into Epiroc's equipment and service business area.
• The deal strengthens Epiroc's position in South Africa, providing additional engineering and manufacturing capacity in the local market, and reduces reliance on imported parts and services for mining companies.