METS

Epiroc acquires Perth company

SWEDISH mining technology firm Epiroc has announced the acquisition of Perth-based JTMEC for an undisclosed sum.

Staff reporter
Epiroc acquires Perth company

Formed in 2005, JTMEC is an electrification infrastructure solutions provider for both underground and surface mines.

The company's offerings include high voltage installation and maintenance work, transformer servicing and testing, engineering design, feasibility studies, and training.

It also manufactures electrical products including substations and mine chargers.

Epiroc was already one of its clients.

Other previous or current blue-chip clients include BHP, Newcrest Mining, Glencore, Fortescue Metals Group and Kirkland Lake Gold.

JTMEC has 190 employees and had revenues of about A$33.8 million in the 2021 financial year.

"Battery electrification represents the future in the mining industry, and the strong team at JTMEC is playing an important role in enabling this vital transformation," Epiroc president and CEO Helena Hedblom said.

"This acquisition will further strengthen our ability to support mining customers on their electrification journey toward less emissions, improved work conditions, and higher productivity. JTMEC is also a strong complement to Meglab, which we acquired in 2021."

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