{"id":870169,"date":"2026-08-13T15:00:00","date_gmt":"2026-08-13T13:00:00","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=870169"},"modified":"2026-08-13T15:02:44","modified_gmt":"2026-08-13T13:02:44","slug":"swedish-giant-buys-small-south-african-company-that-made-r280-million-in-a-single-year","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/870169\/swedish-giant-buys-small-south-african-company-that-made-r280-million-in-a-single-year\/","title":{"rendered":"Swedish giant buys small South African company that made R280 million in a single year"},"content":{"rendered":"\n

Swedish mining and infrastructure equipment giant, Epiroc AB, has completed the acquisition of Johannesburg-based mining aftermarket company Eventspec Proprietary Limited.<\/p>\n\n\n\n

Epiroc completed the acquisition on 4 August 2026. <\/p>\n\n\n\n

Eventspec, which was established in 2000, provides aftermarket services for mining equipment, including the manufacture of replacement parts for drill rigs, mine trucks and loaders.<\/p>\n\n\n\n

It also carries out machinery rebuilds, repairs and field services. The South African company employs about 125 people and generated approximately R280 million in revenue in 2025.<\/p>\n\n\n\n

The transaction followed approval by the Competition Tribunal, which said the deal involves Epiroc subsidiaries Evrypart and Epiroc Holdings South Africa acquiring Eventspec\u2019s business and associated intellectual property.<\/p>\n\n\n\n

\u201cOnce implemented, Epiroc SPV will exercise sole control of the business, while Epiroc Holdings will solely control the intellectual property,\u201d the Tribunal said.<\/p>\n\n\n\n

The approval was subject to public-interest conditions covering ownership, skills development, enterprise and supplier development, socio-economic development, education, and training.<\/p>\n\n\n\n

Epiroc is ultimately controlled by Epiroc AB, a Swedish company listed on the Nasdaq Stockholm Stock Exchange.<\/p>\n\n\n\n

The group manufactures and supplies equipment and tools for surface and underground mining and construction, and provides aftermarket support services.<\/p>\n\n\n\n

The acquisition will be incorporated into Epiroc\u2019s equipment and service business area and recorded under its service revenue stream.<\/p>\n\n\n\n

For Epiroc, Eventspec provides an established local operation focused on a part of the mining industry that generates recurring demand.<\/p>\n\n\n\n

Eventspec\u2019s capabilities include the design and manufacture of replacement components, repairs and the rebuilding and refurbishment of mining machinery.<\/p>\n\n\n\n

Its local presence also gives Epiroc additional engineering and manufacturing capacity in the South African market.<\/p>\n\n\n\n

This is particularly relevant to mining companies, where equipment downtime can be costly and specialised components may need to be repaired or replaced quickly. <\/p>\n\n\n\n

Having aftermarket capabilities in the country can reduce the need to rely solely on imported parts and services.<\/p>\n\n\n\n

Expanding into Africa<\/h2>\n\n\n\n
\"\"<\/a><\/figure>\n\n\n\n

The acquisition also strengthens Epiroc\u2019s position in South Africa, which has a substantial mining industry and an established engineering and equipment supply base serving operations elsewhere on the continent.<\/p>\n\n\n\n

Epiroc traces its origins to Atlas Copco, which began manufacturing rock-drilling equipment in Sweden in 1905.<\/p>\n\n\n\n

Its mining and rock excavation operations were separated from Atlas Copco in 2018, when Epiroc was established as an independent listed company.<\/p>\n\n\n\n

The group is headquartered in Nacka, Sweden, and operates internationally across the mining and infrastructure sectors.<\/p>\n\n\n\n

It manufactures equipment including drilling rigs, loaders and haulage systems, while also developing automation and electrification technologies for mining.<\/p>\n\n\n\n

As of August 2026, Epiroc had a market capitalisation of roughly SEK292 billion to SEK305 billion (R513 billion). <\/p>\n\n\n\n

The acquisition was subject to customary regulatory requirements before completion, with Epiroc confirming that the transaction was completed in August.<\/p>\n\n\n\n

\u201cThis acquisition will be a strong and strategic addition to our manufacturing capabilities and expand our product portfolio of spare parts and related services in the growing and important African region and beyond,\u201d <\/p>\n\n\n\n

\u201cWe look forward to welcoming the capable team at Eventspec to the Epiroc Group,\u201d said Epiroc president and CEO Helena Hedblom.<\/p>\n","protected":false},"excerpt":{"rendered":"

Swedish mining and infrastructure equipment giant, Epiroc AB, has completed the acquisition of Johannesburg-based mining aftermarket company Eventspec Proprietary Limited.<\/p>\n","protected":false},"author":92,"featured_media":870170,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"posted","_sma_x_autopost_error":"","_sma_x_post_id":"2087887152881271104","_sma_facebook_post_id":"191437357620492_2174979483322451","_sma_instagram_post_id":"17943615096278395","_sma_x_attempts":1,"footnotes":""},"categories":[9872],"tags":[26161,26162,2319,853],"class_list":["post-870169","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-epiroc-ab","tag-eventspec","tag-mining","tag-south-africa"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/870169","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/92"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=870169"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/870169\/revisions"}],"predecessor-version":[{"id":870173,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/870169\/revisions\/870173"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/870170"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=870169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=870169"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=870169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}