Piper Alderman assists Epiroc acquire digital core imaging solutions business

Piper Alderman has advised Epiroc on its acquisition of an Australian-based global provider of digital geological imaging solutions to mining companies, Geoscan.

Epiroc, a leading productivity and sustainability partner for the mining and infrastructure industries, is headquartered in Stockholm, Sweden, with the Australian operation headquartered in Perth, Australia and having more than 700 employees.

Geoscan, based in Perth, has a presence in Australia, Latin America, North America, Europe, and Africa.  Its main offerings are Corescan and Coreshed.  Corescan is a leader in hyperspectral scanning, core photography and 3D laser profiling of drill core, rock chips and other geological samples with the associated processing and interpretation.

Helena Hedblom, Epiroc’s President and CEO said:

“Mining companies continue to strive for greater orebody knowledge to strengthen productivity and consistency in their operations, and Geoscan’s solutions play a vital role in achieving that.  This acquisition will complement our existing offerings well.  We look forward to welcoming the strong team at Geoscan to Epiroc.”

Partner, Paul Sartori, led the Piper Alderman team, with support from Senior Associate, Clea Cole, Associate, Egor Serov and Lawyer, Olivia De Angelis.  The team advised Epiroc on all aspects of the transaction, including preliminary negotiations, due diligence, drafting and negotiating the transaction documents, and addressing various cross-border elements of the deal.  A multidisciplinary team, including workplace relations and safety, intellectual property, real estate, tax and regulatory, also provided legal support.

Commenting on the deal, Paul Sartori said:

“This acquisition builds on our longstanding relationship with Epiroc and we look forward to helping it on all aspects of its legal needs as it continues its growth in this region.”

Related media coverage:

• Epiroc acquires Aussie imaging solutions business – Lawyers Weekly, 24 October 2022