Sweden’s Epiroc buys STANLEY Infrastructure from Stanley Black & Decker

Swedish mining equipment maker Epiroc said on Friday it has agreed to buy Stanley Black & Decker's STANLEY Infrastructure for $760 million. Epiroc expects to finalise the acquisition of the maker of excavator attachments and handheld hydraulic tools in the first quarter of 2024, it said in a statement. "The strategic acquisition will strengthen Epiroc's presence in the attachments business in infrastructure and construction, especially in the United States," the group said.