Epiroc has wrapped up its material acquisition of Australia’s RCT Global, telling the market it has bought a “world-leading” underground loading and haulage automation technology offering.
The deal, announced at the end of October, adds RCT to the mine automation, visualisation and electrification technology platform outlined by a senior Australian manager in Epiroc at a conference in Sydney last month. He suggested RCT was a “game-changer” for Epiroc because of its original equipment manufacturer-agnostic control IP and global market links.
While Epiroc apparently is not required to disclose the acquisition price under European public-company transparency rules, it is understood to have paid nearly US$300 million for the 50-year-old Australian company.
RCT said earlier this year it had about 270 employees.
The company adds about US$60 million of annual sales revenue to Epiroc.
“[RCT] provides automation and remote-control solutions applicable for either a single machine or an entire mixed fleet of machines regardless of manufacturer or type of equipment,” Epiroc says. “RCT also provides data and information systems, fleet and machine management systems, and machine protection systems.”