Weir Group, the Glasgow-based global mining and engineering FTSE 100 firm, said it has completed the acquisition of Mining Software Holdings Pty Ltd (Micromine), a company based in Perth, Australia.
Micromine is a software provider to the mining industry.
“This follows the announcement on 28 February 2025 of an agreement to acquire Micromine, a global leader in mining software solutions, for a sterling equivalent enterprise value of £624m (A$1,310m) …” said Weir.
“The business will be led by Kristen Walsh, previously Regional Managing Director of Minerals APAC, who is appointed Division President, Digital Solutions and joins the Group Executive reporting to (CEO) Jon Stanton.
“Andrew Birch, the current CEO of Micromine, will remain with Weir for up to 12 months supporting Kristen in an advisory capacity.
“In due course, we intend to bring together Micromine solutions with MOTION METRICS and NEXT intelligent solutions, to create a sector-leading combined digital solutions offering for the mining industry. In the meantime Micromine will be reported externally within the ESCO Division.”
Weir CEO Jon Stanton said: “We are delighted that Micromine has formally become part of Weir. Micromine is a high performing, high growth business of scale, and is a natural and complementary fit for Weir.
“Weir’s mission is to deliver mining technology for a sustainable future, helping the mining industry produce the metals needed to power the global energy transition.
“Digital has a big part to play, and Weir is innovating and investing in digital solutions tomake mining smarter, more efficient and sustainable.
“Bringing together Micromine with our existing digital technologies, our vision is to create a digital platform that helps our customers optimise their performance at each step along the mining value chain.
“This is about bringing together Weir’s knowledge, capabilities and expertise to create sector-leading digital solutions for the mining industry.”
Weir has 12,000 employees operating in over 50 countries, with a presence in every major mining region of the world.
Weir added: “In terms of the impact to our 2025 financial guidance, we expect Micromine’s revenue contribution to be in-line with the pro-forma information presented previously on 28 February, subject to changes in the Australian Dollar exchange rate since release.
“We expect Micromine’s operating profit contribution to add around 25bps to group operating margins in 2025, with c.£16m of one-off integration and acquisition related costs to be recognised across 2025 and 2026 as exceptional items.
“As a result of funding the transaction, we expect an increase in interest costs in the year of approximately £25m.”