CR, which also provides GET digital solutions, mainly for the mining industry, will strengthen Epiroc' range of essential consumables.
CR, which is headquartered in Brisbane, offers products that include cast lips, teeth, and protective shrouds installed on mining buckets and loaders. Its digital solutions include, among other offerings, the real-time GET loss detection system GET Trakka and the Titan 3330 payload management system. The solutions strengthen safety and productivity, and protect against expensive delays in the mining operations. CR's GET offering covers both surface and underground mining.
CR has about 400 employees and had revenues of about A$240 million (US$164 million) in the 12 months ending September 30, 2022.
"This acquisition will expand our offering of innovative and high-quality consumables and digital solutions that strengthen customers' productivity and safety," says Helena Hedblom, Epiroc's president and chief executive. "We look forward to welcoming the strong team at CR to Epiroc."
The deal comes just days after Epiroc said it will acquire South African collision avoidance systems developer Mernok Elektronik for an undisclosed sum.
In the past six months, Epiroc has bought orebody knowledge company Geoscan and electrical infrastructure provider JTMEC. In April it entered into a partnership with Bluvein, a joint venture between Australian mining technology developer Olitek and Swedish electric highways developer Evias.
The company also this week appointed a new President of the Digital Solutions division, Paul Bergström, effective not later than June 1, 2023
