Epiroc says it has completed the acquisition of JTMEC, an Australia-based company specialising in providing mines with electrical infrastructure, supporting the industry’s transition to battery electrification.
JTMEC, based in Perth, Australia, is an electrification infrastructure solutions provider for both underground and surface mines. The company’s offerings include high voltage installation and maintenance work, transformer servicing and testing, engineering design, feasibility studies, and training. It also manufactures electrical products including substations and mine chargers.
JTMEC had 190 employees and revenues in the fiscal year ending June 30, 2021, of about A$34 million ($24 million).
Epiroc announced on April 29, 2022, that it had agreed to acquire JTMEC.
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