Epiroc AB (publ) (OM:EPI A) agreed to acquire Remote Control Technologies Pty Ltd on October 31, 2022. RCT has about 225 employees and had revenues in the fiscal year ending June 30, 2022, of approximately AUD 85 million. The transaction is not subject to a disclosure obligation pursuant to the EU Market Abuse Regulation.

The acquisition is expected to be completed in the fourth quarter 2022. Paul Sartori and his team of Piper Alderman acted as legal advisor to Epiroc AB (publ) (OM:EPI A) in this transaction. Stefan Timms & Kyle Denomme of Borden Ladner Gervais LLP acted as legal advisor to Epiroc AB in the transaction.