Sandvik has signed an agreement to acquire Tricon Drilling Solutions Pty Ltd, a privately-owned supplier of rock tools for the mining industry, based in Perth, Australia. Tricon will operate as an independent, standalone business unit within the Rock Tools division of Sandvik Mining and Rock Solutions.
Tricon makes rotary bits, down-the-hole (DTH) hammers and bits, as well as full rotary and DTH drill strings, Sandvik said. The company has 24 employees. Tricon has design capabilities for rotary bits in-house but outsources manufacturing, with Sandvik being one of its rotary bit suppliers.
‘I am pleased that we continue to deliver on our active acquisition agenda, and I look forward to welcoming Tricon to Sandvik,’ said Henrik Ager, President of Sandvik Mining and Rock Solutions.
This story uses material from Sandvik, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.
