Epiroc AB has completed the acquisition of STANLEY Infrastructure from Stanley Black & Decker, Inc. Because of the acquisition, Epiroc looks to strengthen its presence in the attachments business for the infrastructure and construction industries, especially in the United States.
STANLEY Infrastructure is headquartered in Milwaukie, Oregon, United States. It designs, manufactures, and sells attachments, typically used on excavators, and handheld hydraulic and battery-powered tools for applications in infrastructure, construction, scrap recycling, demolition, and railroad infrastructure.
Its brands include LaBounty, Paladin, Pengo, and Dubuis. STANLEY Infrastructure had revenues in 2023 of about MUSD 450 (SEK 4.7 billion), and about 1,380 employees, mainly in the United States.
The business has 10 key production facilities, in the United States, Canada, France, and China. The majority of the revenues are generated in North America.
The purchase price is MUSD 760 (SEK 8.2 billion.) The acquisition was an all-cash transaction.
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