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LONDON - The Weir Group PLC announced Tuesday it has entered into a binding agreement to acquire Fast2Mine Tecnologia e Desenvolvimento de Sistemas Ltda, a Brazil-based mining software provider specializing in mine management solutions.
Fast2Mine offers software that assists mining operations with material management, mine optimization, fleet management, and asset health diagnostics. The company’s platform currently serves 84 mines across multiple commodities in countries including Brazil, Chile, Argentina, Mexico, Guyana, and Liberia.
According to the press release statement, the acquisition will complement Weir’s existing Micromine software suite, expanding its capabilities to provide comprehensive solutions for both open-pit and underground mining operations.
Jon Stanton, Chief Executive Officer of Weir, stated that the acquisition "will accelerate our expansion into the South American mining software market, providing a strong and immediate presence in Brazil, home to some of the world’s largest mineral deposits."
The company noted that Fast2Mine’s platform is offered as a Software as a Service (SaaS) solution comprising four modules with a web-native interface focused on ease of use and advanced reporting functionality.
Weir confirmed that the acquisition will not change its full-year revenue, operating profit, and leverage guidance as of July 31, 2025. The company still expects its net debt to EBITDA ratio to remain below 2x at December 31, 2025.
Founded in 1871, The Weir Group PLC provides engineering solutions to the mining and infrastructure sectors. The company’s shares trade on the London Stock Exchange (WEIR LN) and its American Depositary Receipts trade over-the-counter in the USA.
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