Epiroc is building its mining electrical delivery capability in Australia with a deal to acquire local electrical manufacturer and contractor, JTMEC, for an undisclosed price.
The Perth-based company, established in 2005, has 190 employees and reported FY21 revenue of A$34 million (US$24m). It has offices in Queensland, New South Wales and Tasmania, as well as Kalgoorlie in Western Australia.
Managing director Garry French co-founded JTMEC in Kalgoorlie with partners Nick Fardell and Shane Properjohn.
Epiroc CEO Helena Hedblom said JTMEC’s surface and underground electrical infrastructure specialisation supported the mining industry’s transition to battery electrification. The company’s offerings included high-voltage installation and maintenance work, transformer servicing and testing, engineering design, feasibility studies, and training. It also manufactures substations and mine chargers.
“This acquisition will further strengthen our ability to support mining customers on their electrification journey toward less emissions, improved work conditions, and higher productivity,” Hedblom said.
“JTMEC is also a strong complement to Meglab, which we acquired in 2021.”
The deal is expected to close in the current quarter.
Its value doesn’t have to be disclosed under the EU Market Abuse Regulation despite the material size of JTMEC.