Epiroc Agrees to Acquire Aramine SAS
The French underground mining spare parts specialist will join Epiroc's Equipment & Service Business Area once the deal closes.
Updated on Nov. 6, 2026 in Oil and Gas
Epiroc has agreed to acquire Aramine SAS, a France-based supplier of spare parts and services for underground mining operations. Aramine's revenues were around €31 million ($34 million) in the 12 months ending September 30, 2026.
Why it matters
The deal extends Epiroc's aftermarket service footprint in underground mining, a segment where component remanufacturing and machine rebuilds generate recurring revenue. Aramine's presence across more than 70 countries adds reach to Epiroc's existing customer base.
Aramine reported around €31 million ($34 million) in revenue over the 12 months ending September 30, 2026, with roughly 65 employees serving customers in more than 70 countries. The financial terms of the acquisition were not included in the available information.
The players
Epiroc
Epiroc is a Swedish mining equipment manufacturer that supplies drilling and rock excavation machinery and aftermarket services to mining and construction companies worldwide.
Aramine SAS
Aramine SAS is a France-based supplier of spare parts and remanufacturing services for underground mining equipment, headquartered in Aix-en-Provence.
The details
Aramine provides spare parts, component remanufacturing and machine rebuilds for underground mining operations, drawing on more than five decades of industry experience. On October 1, 2026, Aramine created ARAMAC, a separate company dedicated to underground mining equipment, which is not part of the Epiroc transaction. Aramine will be booked under Epiroc's Service revenue stream.
Timeline
September 30, 2026: End of the 12-month period used to calculate Aramine's revenue.
October 1, 2026: Aramine creates ARAMAC, a new underground mining equipment company.
December quarter of 2026: Expected completion of the Epiroc acquisition of Aramine.
Market Landscape
Equipment makers across mining have increasingly pursued aftermarket service businesses, which tend to generate steadier revenue than new machine sales. Epiroc's purchase of a specialized spare parts supplier fits that pattern of consolidating the service layer around installed underground equipment.
For mining operators, the acquisition could consolidate spare parts and rebuild services under a single large supplier, which may affect how quickly replacement components are sourced. Customers already buying from Aramine across more than 70 countries are likely to see the business continue under Epiroc's Service revenue stream.
The takeaway
Acquisitions of aftermarket specialists show how equipment makers are building service businesses around the machines they already sell. Watching how the Aramine business performs inside Epiroc after the December quarter closing will show whether that model delivers the recurring revenue the sector is pursuing.
What happens next
The acquisition is expected to close in the December quarter of 2026, at which point Aramine will be integrated into Epiroc's Equipment & Service Business Area.
Further reading
For more on the sector behind this deal, see Oil and Gas coverage across the industry.
