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Weir confirms completion of Micromine acquisition
Mining technology giant Weir has announced that it has completed the acquisition of Mining Software Holdings (Micromine), a global leader in mining software solutions, for $1.3b.
WA based Micromine provides intuitive software solutions for the mining and exploration industry with more than 22 offices globally and operates in more than 90 countries.
Weir strives to utilise mining technology to help customers in the resource sector operate at their highest productivity and lowest environmental impact.
Weir chief executive Jon Stanton said that the company is delighted by the formal completion of the acquisition.
“Micromine is a high performing, high growth business of scale, and is a natural and complementary fir for Weir,” he said.
“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.
“Digital has a big part to play, and Weir is innovating and investing in digital solutions to make mining smarter, more efficient and sustainable.
“Bringing together Micromine with our existing digital technologies, our vision is to create a digital platform that helps our customers optimise their performance at each step along the mining value chain.
“This is about bringing together Weir’s knowledge, capabilities and expertise to create sector-leading digital solutions for the mining industry.”
Weir intends to bring together MOTION METRICSTM and NEXT intelligent solutions to create a sector-leading combined digital solutions offering for the mining industry.