Monark buys Epiroc’s handheld drilling business

6 January 2020

Norway – A rock drilling tools manufacturer has bought Eprioc’s handheld drilling business and factory. The facility, based in Ockelbo, about 200km north of Stockholm, was part of Epiroc’s Rock Drilling Tools division. The approximately 40 employees who work at the facility will be offered to transfer to the new owner.

The deal between Sweden’s Epiroc and Norway’s Monark, was first announced in October 2019 and completed in December 2019.

Monark will continue to supply Epiroc with products, mainly rods for handheld drilling, which are used in construction and mining.

“This manufacturing facility is better suited with a new owner that can bring additional products into production that are not sold by Epiroc today,” said Helena Hedblom, Epiroc’s Senior Executive Vice President Mining and Infrastructure. “We believe Monark will be a good long-term owner of the facility and a reliable supplier for Epiroc.”