REG - Weir Group PLC - Weir to acquire Fast2Mine

WeirAnnouncement

23/09/2025 12:00

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RNS Number : 4503A  Weir Group PLC  23 September 2025

Weir to acquire Fast2Mine, a Brazilian based mining software provider

 

Weir has entered into a binding agreement to acquire Fast2 Mine Tecnologia e
Desenvolvimento de Sistemas Ltda. Fast2Mine is a software provider to the
mining industry, with a focus on mine management solutions (MMS). The
acquisition complements Micromine's existing suite of mine planning and mine
control software and has no impact on Weir's full year guidance as of 31 July.

Fast2Mine is a Brazil-based mining software provider offering a contemporary
MMS. Its technology helps miners with material management, mine optimisation,
short-interval control, fleet management, and select asset health diagnostics.
Fast2Mine's robust platform is offered as a SaaS solution comprising of four
modules designed around a modern, web-native interface that prioritises ease
of use while delivering advanced reporting functionality. The platform
currently services 84 mines across multiple commodities and countries, such as
Brazil, Chile, Argentina, Mexico, Guyana, and Liberia.

Fast2Mine's MMS platform is highly complementary to Weir's growing software
portfolio, joining Micromine's software suite to provide comprehensive mine
management solutions for both open-pit and underground mining operations. The
acquisition will accelerate Weir's strategy to provide leading software
solutions to the mining industry.

The acquisition does not result in a change to Weir's full year revenue,
operating profit, and leverage guidance as of 31 July 2025(1).

Jon Stanton, Chief Executive Officer said:

"The acquisition of Fast2Mine 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.

Fast2Mine's software platform is a highly complementary addition to Weir's
mining software suite, including meaningful synergies with Micrormine's
Alastri open pit mine planning solution and adjacency with Micromine's Pitram
underground fleet management solution. We are looking forward to welcoming
Fast2Mine to Weir and are excited by the opportunity to further accelerate our
vision for digitally enabled mine optimisation."

 

Notes:

1.             Management expects net debt/EBITDA below 2x at 31
December 2025.

 

Disclaimer

This information includes 'forward-looking statements'. All statements other
than statements of historical fact included in this presentation, 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
(http://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).

 

 Enquiries:
 Investors: Philip Carlisle  +44 (0)141 308 3617
 Media: Sally Jones          +44 (0)141 308 3666
 CDR: Claire de Groot        +44 (0) 207 638 9571

                              weir@cdrconsultancy.com

 

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