# Epiroc signs agreement to acquire AARD Mining Equipment

Epiroc has signed an agreement to acquire AARD Mining Equipment, a South African manufacturer of underground mining equipment, for an undisclosed amount. AARD has about 200 employees and revenues of about MSEK 650.

- Type: Acquisition
- Announced: 2022-08-25
- Where: near Johannesburg, South Africa, South Africa
- Jobs: 200
- Status: announced
- Products: low-profile underground mining equipment, drill rigs, bolters, loaders, scalers
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Epiroc](https://endata.com/companies/12991.md) (acquirer)
- [AARD Mining Equipment](https://endata.com/companies/64914.md) (target)

## Sources

- [epirocgroup.com](https://www.epirocgroup.com/en/media/corporate-press-releases/2022/20220825-epiroc-signs-agreement-to-acquire-south-african-mining-equipment-manufacturer), 2022-08-25: "AARD has reputable and reliable products that complement our underground product portfolio well."
- [cbinsights.com](https://www.cbinsights.com/company/aard), 2022-08-25: "In August 2022, AARD was acquired by Epiroc."
- [investmets.com](https://www.investmets.com/epiroc-buys-west-rand-manufacturer/), 2022-08-25: "AARD has reputable and reliable products that complement our underground product portfolio well."
- [plantandequipment.news](https://www.plantandequipment.news/news/africa/epiroc-signs-agreement-to-acquire-south-african-mining-equipment-manufacturer/), 2022-09-06: "AARD has reputable and reliable products that complement our underground product portfolio well."
- [miningconnection.com](https://miningconnection.com/surface/news_product/P360), 2022-09-23: "Epiroc, a leading productivity and sustainability partner for the mining and infrastructure industries, has signed an agreement to acquire AARD Mining Equipment, a South African mining equipment manufacturer."

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