Weco is based near Johannesburg, South Africa. The company, which has more than four decades of industry experience, has about 80 employees and had revenues in the fiscal year ending 31 May 2023, of about ZAR 160 million (SEK 90 million). Weco’s customers are mainly underground mining companies in the Southern African region.
Epiroc announced on 12 December 2023, that it had agreed to acquire Weco.
The parties have agreed not to disclose the purchase price as the transaction is not subject to a disclosure obligation pursuant to the EU Market Abuse Regulation.
