# Epiroc to acquire Canadian exploration tools manufacturer Fordia Group

Epiroc has agreed to acquire Fordia Group Inc., a Canadian manufacturer of exploration drilling tools based in Montreal, with about 250 employees and revenues of about CAD 85 million. The acquisition is expected to close in Q1 2019.

- Type: Acquisition
- Announced: 2018-10-23
- Where: Montreal, Canada, Canada
- Status: announced
- Products: exploration drilling tools, diamond bits, down-the-hole tools, drill rods, drill casings, water treatment systems, pumps
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Epiroc](https://endata.com/companies/12991.md) (acquirer)
- [Fordia Group Inc.](https://endata.com/companies/35049.md) (target)

## Sources

- [epirocgroup.com](https://www.epirocgroup.com/en/media/corporate-press-releases/2018/20181023-epiroc-to-acquire-canadian-exploration-tools-manufacturer), 2018-10-23: "This acquisition is strategically important as we increase our focus on the exploration segment."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.