Epiroc to acquire mining electrification provider

By Mike Brezonick31 March 2021

Epiroc, the Swedish supplier of equipment for surface and underground mining applications, announced it has agreed to acquire Meglab, a Canadian company with expertise in providing electrification infrastructure solutions to mines. No financial details were provided and the deal is expected to close in the second quarter.

Epiroc, a supplier of equipment for surface and underground mining applications, will purchase Canada’s Meglab, a provider of mining electrification infrastructure.

Based in Val-D’Or, Quebec, Canada, Meglab is a technology integrator that designs, manufactures, installs and supports electrification and telecommunications infrastructure solutions to customers in several countries. Its products include substations, switchgears and automation system solutions, enabling the infrastructure needed for mine electrification and equipment charging solutions, as well as for digitalization and automation of operations. Meglab has more than 240 employees and had revenues in 2020 of about $39 million.

“Epiroc is proud to be the leader in providing battery electric vehicles for the mining industry, improving customers’ work environment and lowering their emissions while increasing their productivity,” said Helena Hedblom, Epiroc’s president and CEO. “The acquisition of Meglab will strengthen our capacity to provide the infrastructure required as mines transition to battery-electric vehicles.”

The business will become part of Epiroc’s Parts & Services division and will continue to be based in Canada.

NEWSLETTER
Delivered directly to your inbox, New Power Progress newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
CONNECT WITH THE TEAM
Mike Brezonick VP, Power Division Tel: +1 262 754 4112 E-mail: mike.brezonick@khl.com
Alister Williams VP Sales Tel: +1 843 637 4127 E-mail: alister.williams@khl.com
Julian Buckley
Julian Buckley Editor Tel: +44 771 009 6684 E-mail: julian.buckley@khl.com
CONNECT WITH SOCIAL MEDIA
Latest News
Scania launches new high-capacity biofuel fuel tanks
The new tanks will extend the operating ranges of biofuel trucks 
VIDEO: New Power Progress Summit 2022
Access the streaming video of the second NPP summit event
Euroports Germany adds all-electric Liebherr portal crane
All movements of the Liebherr LPS 420 E will be carried out by emissions-free electric motors