Atlas Copco completes Renegade Drilling acquisition
Renegade Drilling core barrels.
Image credit: Atlas Copco
Atlas Copco has completed its acquisition of the assets of Johannesburg-based Renegade Drilling Supplies, a South African manufacturer and distributor of drilling consumables for mining exploration. The decision to acquire the assets for an undisclosed amount was announced on 4 December 2017.
The business is part of the Rock Drilling Tools division in Epiroc, the wholly-owned subsidiary of Atlas Copco, that will be listed on the stock exchange in 2018, pending the approval of shareholders.
Renegade Drilling manufactures and distributes mining exploration drilling consumables such as drill rods, in-the-hole tools and diamond drill bits, throughout the southern African region.
“We are happy to bring the strong team at Renegade Drilling into our group,” says Helena Hedblom, president of Atlas Copco’s Mining and Rock Excavation Technique business area. “This acquisition will expand our product portfolio and establish a regional footprint for manufacturing of mining exploration consumables.”