JTMEC, which is based in Perth, Australia, is an electrification infrastructure solutions provider for both underground and surface mines. Its 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 has 190 employees and had revenues in the fiscal year ending June 30, 2021, of about AUS$34 million (US$24 million).
"Battery electrification represents the future in the mining industry, and the strong team at JTMEC is playing an important role in enabling this vital transformation," said Helena Hedblom, Epiroc's president and CEO.
"This acquisition will further strengthen our ability to support mining customers on their electrification journey toward less emissions, improved work conditions, and higher productivity. JTMEC is also a strong complement to Meglab, which we acquired in 2021."