Weir completes acquisition of Fast2Mine
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Weir completes acquisition of Fast2Mine
Weir has completed the acquisition of Fast2 Mine Tecnologia e Desenvolvimento de Sistemas Ltda ("Fast2Mine"). This follows the announcement on 23 September 2025 of our agreement to acquire Fast2Mine, a Brazil-based software provider to the mining industry, with a focus on mine management solutions.
Jon Stanton, Chief Executive Officer said:
"We are delighted to formally welcome Fast2Mine to Weir. Fast2Mine's software is highly complementary with the Micromine portfolio, particularly the Alastri open pit mine planning and Pitram underground mine management solutions, and we are very excited by the opportunity to further accelerate our strategy to provide leading software solutions to the mining industry.
Fast2Mine will accelerate our expansion in the mining software market in South America, providing a strong and immediate presence in the region, and offers a significant opportunity for growth internationally."
Integration and financial impact
Fast2Mine will be integrated within Micromine and reported within the ESCO division.
The acquisition does not result in a change to Weir's full year revenue, operating profit, and leverage guidance as of 31 July 20251.
Notes:
1. Management expects net debt/EBITDA below 2x at 31 December 2025.
Capital markets event - 3 December 2025 at 14:00 GMT
The event will feature deep dives illustrating growth prospects across our software, digital solutions and core engineering technology. It will be hosted by our CEO, Jon Stanton, who will be joined by members of the Weir executive leadership team. Please visit www.global.weir/investors for more information and to register your interest.
Disclaimer
This information includes 'forward-looking statements'. All statements other than statements of historical fact included in this release, including, without limitation, those regarding The Weir Group PLC's (the "Group") financial position, business strategy, plans (including development plans and objectives relating to the Group's products and services) and objectives of management for future operations, are forward-looking statements. These statements contain the words "anticipate", "believe", "intend", "estimate", "expect" and words of similar meaning. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of the Group to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding the Group's present and future business strategies and the environment in which the Group will operate in the future. These forward-looking statements speak only as at the date of this document. The Group expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained herein to reflect any change in the Group's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Past business and financial performance cannot be relied on as an indication of future performance.
About The Weir Group PLC
Founded in 1871, The Weir Group PLC is one of the world's leading engineering businesses with a purpose to make its mining and infrastructure customers' operations more sustainable and efficient. Weir's highly engineered technology and digital solutions enable critical resources to be produced using less energy, water and waste while reducing customers' total cost of ownership. The Group is ideally positioned to benefit from structural trends that support long-term demand for its technology including the need for more essential metals to support economic development and carbon transition. The Group has c.12,000 employees operating in over 50 countries with a presence in every major mining region of the world. Find out more at www.global.weir.
Weir's ordinary shares trade on the London Stock Exchange (ticker: WEIR LN) and its American Depositary Receipts trade over-the-counter in the USA (ticker: WEGRY).
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Enquiries: |
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Investors: Philip Carlisle |
+44 (0)141 308 3617 |
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Media: Sally Jones |
+44 (0)141 308 3666 |
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CDR: Claire de Groot
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+44 (0) 207 638 9571 weir@cdrconsultancy.com
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