The acquisition of Micromine by the Weir Group was achieved in a transaction valued at £624 million, with Weir integrating into its portfolio a software provider with global reach and capabilities to optimize every phase of the mining process.
Acquisition of Micromine and its mining technology
From exploration to operations, the company provides solutions that cover the entire mining value chain. In addition, its integration with existing tools such as Motion Metrics and Next Intelligent Solutions will enable a unified offering of digital platformsfocused on improving the efficiency, safety and sustainability of the sector.
By integrating Micromine with our existing digital technologies, our vision is to create a digital platform that helps our customers optimize their performance at every stage of the mining value chain.
It is about bringing together Weir’s knowledge, capabilities and expertise to create industry-leading digital solutions for the mining industry.
Jon Stanton, chief executive officer of Weir.
Kristen Walsh, who was previously regional head of APAC Minerals, will assume the presidency of the new Digital Solutions Division. This unit will centralize integration and new solutions development efforts under the Weir umbrella, while Andrew Birch, former CEO of Micromine, will remain in an advisory role for up to one year.
Micromine is expected to contribute an additional 25 basis points to the group’s operating margin by 2025. However, extraordinary integration and acquisition costs of approximately 16 million pounds sterling are expected.
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Source and photo: Weir
