Epiroc acquires Aussie imaging solutions business
Piper Alderman has advised Epiroc on its acquisition of an Australia-based global provider of digital geological imaging solutions.
Firms: Piper Alderman (Epiroc); Undisclosed (Geoscan)
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Deal: Epiroc has acquired Geoscan.
Area: Merger and acquisition
Key players: The team advising Epiroc was led by Piper Alderman partner Paul Sartori, with support from senior associate Clea Cole, associate Egor Serov and lawyer Olivia De Angelis.
Deal significance: Geoscan is based in Perth, Western Australia. It is described as a global provider of digital geological imaging solutions to mining companies and has presence in Latin America, North America, Europe and Africa, according to a statement from Piper Alderman.
“Its main offerings are Corescan and Coreshed. Corescan is a leader in hyperspectral scanning, core photography and 3D laser profiling of drill core, rock chips and other geological samples with the associated processing and interpretation,” the firm explained.
Meanwhile, Epiroc is described as a leading productivity and sustainability partner for the mining and infrastructure industries. The group is headquartered in Stockholm, Sweden, with the Australian operation headquartered in Perth, Australia.
Commenting on the deal, Piper Alderman’s lead partner Paul Sartori said: “This acquisition builds on our longstanding relationship with Epiroc, and we look forward to helping it on all aspects of its legal needs as it continues its growth in this region.”
Commenting further, Helena Hedblom, Epiroc’s president and chief executive, said: “Mining companies continue to strive for greater orebody knowledge to strengthen productivity and consistency in their operations, and Geoscan’s solutions play a vital role in achieving that. This acquisition will complement our existing offerings well. We look forward to welcoming the strong team at Geoscan to Epiroc.”