Advertise your business here! 🚀

Contact us now and get more customers.

Smiling woman thumbs up

Weir Completes $840M Acquisition Of Mining Software Company Micromine

mining
May 01, 2025
Article Source LogoMining Technology
Mining Technology

UK-based engineering company Weir has announced the completion of the previously announced acquisition of Micromine, a provider of mining software solutions, for an enterprise value equivalent to £624m ($840m).

Micromine is known for its advanced software spanning the entire upstream mining value chain including exploration, mine design, planning and operations for various mining applications.

The transaction follows the initial agreement disclosed in February 2025.

Weir plans to integrate Micromine’s offerings with its MOTION METRICS and NEXT intelligent solutions, aiming to establish a digital solutions portfolio for the mining industry. Until the integration is complete, Micromine will be reported within the ESCO Division.

Kristen Walsh, formerly the regional managing director of Minerals APAC, will lead the new Digital Solutions division as president.

Andrew Birch, Micromine’s current CEO, will continue to advise Weir for up to one year to support the transition.

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

The addition of Micromine is projected to enhance Weir’s operating margins by approximately 25 basis points in 2025.

The company anticipates around £16m in one-off integration and acquisition-related costs as exceptional items over 2025 and 2026.

The funding of this acquisition is also expected to result in an increase in interest costs of around £25m for the year.

Weir CEO Jon Stanton said: “Weir’s mission is to deliver mining technology for a sustainable future, helping the mining industry produce the metals needed to power the global energy transition. Digital has a big part to play, and Weir is innovating and investing in digital solutions to make mining smarter, more efficient and sustainable.  

“Bringing together Micromine with our existing digital technologies, our vision is to create a digital platform that helps our customers optimise their performance at each step along the mining value chain. This is about bringing together Weir’s knowledge, capabilities and expertise to create sector-leading digital solutions for the mining industry.”

Share Your Insights!

Publish your articles, reach a global audience, and make an impact.

0
Recent Comments

Mining Related News You might want to check out

View by
Ghana Expects Us$12 Billion A Year From Small-Scale…
Ghana Expects Us$12 Billion A Year From Small-Scale…
Africa Mining Market
22 May 2025
mining
Ghana Expects Us$12 Billion A Year From Small-Scale Gold Mining
Ghana Expects Us$12 Billion A Year From Small-Scale Gold Mining
Africa Mining Market
22 May 2025
mining
World'S First Fleet Of 100 5G-A Autonomous Electric Mining Trucks Launched At Yimin Mine
World'S First Fleet Of 100 5G-A Autonomous Electric Mining Trucks Launched At Yimin Mine
Global Mining Review
20 May 2025
mining
Understanding The Next Steps In The $20 Trillion Seabed Mining Opportunity
Understanding The Next Steps In The $20 Trillion Seabed Mining Opportunity
Global Mining Review
16 May 2025
mining
Canada Growth Fund Commits $111M For Foran Mining’S Mcilvenna Bay Project
Canada Growth Fund Commits $111M For Foran Mining’S Mcilvenna Bay Project
Mining Technology
15 May 2025
mining
Vedanta Resources Weighs Zambia Copper Ipo To Fund Us$1 Billion Investment
Vedanta Resources Weighs Zambia Copper Ipo To Fund Us$1 Billion Investment
Africa Mining Market
02 May 2025
mining
Weir Completes $840M Acquisition Of Mining Software Company Micromine
Weir Completes $840M Acquisition Of Mining Software Company Micromine
Mining Technology
01 May 2025
mining
The Evolving Landscape Of Sustainable Mining
The Evolving Landscape Of Sustainable Mining
Global Mining Review
17 April 2025
mining
Mining'S Moment To Go Fully Electric
Mining'S Moment To Go Fully Electric
Global Mining Review
16 April 2025
mining
Evolution Mining Approves $273M Cowal Expansion Project In Australia
Evolution Mining Approves $273M Cowal Expansion Project In Australia
Mining Technology
16 April 2025
mining
Epiroc Wins Large Mining Equipment Order In India
Epiroc Wins Large Mining Equipment Order In India
Global Mining Review
16 April 2025
mining
Queensland Committed To Streamlining Mining Approvals
Queensland Committed To Streamlining Mining Approvals
Australian Mining
16 April 2025
mining