Weir Group PLC (WEIR.L), a mining technology company, on Tuesday said it has signed a binding agreement to acquire Fast2Mine, a Brazil-based mining software provider whose platform serves 84 mines across multiple commodities and countries.
The deal is expected to complement Weir's existing Micromine software suite and accelerate its expansion into the South American mining software market.
The company said that the acquisition will not impact its full-year outlook for revenue, operating profit, or leverage as of July 31, 2025.
"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," said Jon Stanton, Chief Executive Officer.
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