Weir Group to acquire mining tech company Micromine for $826M

Weir Group announced Friday it has signed a deal to acquire Perth, Australia-based Mining Software Holdings (Micromine) for £657 million ($826 million) cash.

Micromine provides software solutions across the upstream mining value chain. It supports critical mining operations from exploration through mine design and planning, operational scheduling, and mining operations in hard ore, soft ore and underground applications.

“The acquisition of Micromine is a significant step in our strategy of investing in technology to accelerate smart, efficient and sustainable mining,” Weir chief executive Jon Stanton said in a news release.   

“The combined force of Micromine and Weir will create a sector-leading globally scaled platform to optimize performance across the mining process. In Micromine, we are adding an established, high-quality business and proven performer that is complementary to Weir’s aftermarket-focused business model and current digital solutions,” Stanton added.

The deal is expected to close in the second quarter of 2025.