Thursday, 3 July 2025
Trending
AustraliaCommodity

Epiroc Acquires Schramm Australia, a Producer of RC Drilling

In particular, reverse circulation (RC) drilling products, which are among Schramm Australia‘s main assets and are located in Perth, are being acquired by Epiroc.

With assets such as intellectual property, two production sites close to Perth, WA, and two service locations in Queensland and South Australia, Schramm Australia has been under voluntary administration since February 2023.

Epiroc Acquire Schramm Australia

The roughly 80 employees of Schramm Australia will be given employment opportunities at Epiroc, according to President and chief executive Helena Hedblom.

She claimed that the Schramm products and brand were well-known as a pioneer in reverse circulation technology. “We are excited to have the talented team at Schramm Australia join the Epiroc Group.”

  • Epiroc acquires Schramm Australia’s assets, including RC drilling products.
  • Schramm Australia to join Epiroc Group as a pioneer in reverse circulation technology.
  • Schramm Australia to join Epiroc’s Surface division in 2023.

For Schramm’s staff, who “have responded to the voluntary administration period with determination and commitment to continue delivering for the company’s customers,” according to FTI Consulting voluntary administrator Hayden White, this is a positive conclusion.

He said, “A primary objective of the administration process has been to ensure that workers will be kept by a future buyer.

Regardless of the future growth of the company, it will remain a top-notch domestic and international supplier of drilling equipment to its creditors and the mining and exploration industries.

As a result of the sale, this widely recognized brand will continue to play an important role both in WA as well as around the world in the mining industry, the company explained.

Schramm Australia will join the Surface division of Epiroc after the asset transaction is expected to be finished in the second quarter of 2023.

Related posts
AustraliaWeather

Eastern Australia Under Siege: Cyclone Causes Major Chaos

A rare bomb cyclone strikes New South Wales with torrential rain and fierce winds. Coastal…
Read more
AustraliaWorld

Australia's Cocaine Crisis: Wealth Meets Addiction

Australia and New Zealand lead the world in per capita cocaine use, surpassing the Americas and…
Read more
Commodity

Global Markets Rally as Israel-Iran Ceasefire Pushes Oil Prices Down

Brent crude prices plunged by 4% after a ceasefire between Israel and Iran was confirmed. FTSE…
Read more
Newsletter
Become a Trendsetter

To get your breaking, trending, latest news immediately without diluting its truthfulness join with worldmagzine immediately.

Leave a Reply

Your email address will not be published. Required fields are marked *

AsiaStock Market

Markets Around the World are Mainly Higher

Worth reading...