London-listed Weir has wrapped up its US$800 million acquisition of Australian mining software company Micromine, which will be headed by Weir APAC Minerals managing director, Kristen Walsh.
The deal is among more than $3 billion of mining and metals technology financing and M&A transactions in the first four months of 2025.
Micromine CEO Andrew Birch is staying on for up to a year as an advisor to Weir.
Jon Stanton, Weir CEO, said creation of a mining digital solutions arm combining Micromine with the group’s Motion Metrics and NEXT tech units “in due course” would give the group a “sector-leading combined digital solutions offering”.
Micromine’s cUS$90 million-a-year revenues – said to be growing at 25% per annum – add to Weir’s $3.32 billion pa group sales.
“Weir’s mission is to deliver mining technology for a sustainable future, helping the mining industry produce the metals needed to power the global energy transition,” Stanton said.
“Digital has a big part to play and Weir is innovating and investing in digital solutions to make mining smarter, more efficient and sustainable.”
Weir generated £484m of free cash flow last year and had £535m at the end of 2024.
Its shares are up about 3.5% year-to-date in 2025, capitalising the company at £5.93 billion.
