We are very excited to announce the recently completed agreement that will make the Val-d’Or based company, Meglab, a part of Epiroc, a vital part of a sustainable society and a global productivity partner for mining and infrastructure customers.
Epiroc has expressed interest in Meglab for some time while recognizing our innovative approach and industry expertise, which has developed continuously over the years. As the mining sector shifts towards electrification, we believe this acquisition will highlight Meglab’s advanced capabilities for electric power. Moreover, it will allow us to continue our professional activities related to automation, electrification and telecommunications.
“I am very proud to find that such an important player acknowledges our work and achievements, as well as the great potential of our team members. It is also a pleasure to see that business continuity is safeguarded and that the dream of making a real difference in the mining domain will continue for a long time here in Malartic, Val d’Or and in Abitibi-Témiscamingue.”
– Louis Valade, President of Meglab
Our collective goal is to develop the mine of the future; our organizations will pool our respective assets and expertise in pursuit of this target. Together, we will position ourselves as the leaders of all-electric and intelligent mines. This synergy will provide various growth opportunities worldwide, both for Meglab and for the team members that will collaborate with their co-workers in this new expanded team.
“Our organizations’ innovative and customer focused approaches fit perfectly. I see this combination delivering even greater benefits to our mutually shared & valued customers. The coming together of Meglab and Epiroc could not have happened at a better time as the industry moves over to more electrification within mines; together we will not only accelerate electrification here in Canada, but also globally.
I really look forward to getting to know the Meglab team better; together we will grow our business as well as ourselves as individuals. Warm welcome to all.”
– Jason Smith, General Manager Epiroc Canada
In concrete terms, even when we become a part of Epiroc, we will continue the operations with the same team in place and under the identity of Meglab. We will maintain our business services and continue to offer our specialized product range to customers.
“I think that Meglab is set up for success and I am convinced that the team in place who is taking over will be able to rise to these new challenges. This is a great opportunity to keep improving and continue to grow. I would like to thank each of our customers and all members of the great Meglab family because it is thanks to their confidence, ingenuity and hard work that the dream lives on to this day.”
– Louis Valade, President of Meglab
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About Epiroc
Epiroc is a vital part of a sustainable society and a global productivity partner for mining and infrastructure customers. With ground-breaking technology, Epiroc develops and provides innovative and safe equipment, such as drill rigs, rock excavation and construction equipment and tools for surface and underground applications. The company also offers world-class service and other aftermarket support as well as solutions for automation, digitalization and electrification. Epiroc is based in Stockholm, Sweden, had revenues of SEK 36 billion in 2020, and has 14 000 passionate employees supporting and collaborating with customers in more than 150 countries. Learn more at www.epirocgroup.com.
Source: Geneviève Rouleau 819-440-7038
For information: Kim Valade 819-856-8274
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