Stockholm-based SSAB has signed an agreement to acquire 51 per cent of G&G Mining Fabrication for an undisclosed sum.
The Hazelmere-based company specialises in the refurbishment, manufacturing and design of large fabrications for heavy earth moving equipment, particularly for the WA mining industry.
The investment represents a significant advancement of SSAB's strategy to grow its presence in the aftermarket for wear parts and service and to develop SSAB's customer offering.
SSAB APAC director of wear services, Claes Löwgren, said the acquisition was a step towards the company becoming a leading player in the large mining aftermarket in WA.
We can now offer products, wear parts and services directly to mining end-users," he said.
SSAB said G&G offered natural synergies that would help fulfil the continuously increasing demands of the mining industry.
G&G chief executive Richard Ladny said by combining the company's end-user knowhow and its strengths in refurbishment, design and fabrication of mining earthmoving equipment with SSAB's wear and material knowledge, G&G would become an even stronger player offering a competitive range of products and services.