About Epiroc
Epiroc is a company based in Nacka (Sweden) founded in 1873. Epiroc has raised $166.49 thousand across 6 funding rounds from investors including European Union and Nordic Investment Bank. The company has 1,103 employees as of April 07, 2024. Epiroc has completed 16 acquisitions, including 3D-P, Aard Mining Equipment and CR Mining. Epiroc operates in a competitive market with competitors including Ford and Volvo Group, among others.
- Headquarter Nacka, Sweden
- Employees 1103 as on 07 Apr, 2024
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Sectors
Transportation, Automotive & Logistics
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Epiroc Mining India Private Limited
- Date of Incorporation 20 Jul, 2017
- Jurisdiction Pune, Maharashtra, India
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Annual Revenue
$241.03 M (USD)1.09as on Mar 31, 2023
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Net Profit
$34.32 M (USD)24.43as on Mar 31, 2023
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EBITDA
$47.6 M (USD)26.83as on Mar 31, 2023
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Total Equity Funding
$166.49 K (USD)
in 6 rounds
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Latest Funding Round
$5.31 M (USD), Grant
May 01, 2021
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Investors
European Union
& 1 more
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Employee Count
1103
as on Apr 07, 2024
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Investments & Acquisitions
3D-P
& 15 more
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People of Epiroc
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Software Development Team
78 people
Product Management Team
28 people
Sales and Marketing
26 people
Regional Team
22 people
Leadership Team
19 people
Legal and Compliance
16 people
Global Team
12 people
Board Team
9 people
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Funding Insights of Epiroc
Epiroc has successfully raised a total of $166.49K across 6 strategic funding rounds. The most recent funding activity was a Grant round of $5.31 million completed in May 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Epiroc
Epiroc has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include European Union and Nordic Investment Bank.
| Investor | Description | Founded Year | Domain | Location |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Locked | Locked | Locked | |
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Nordic Investment Bank is engaged in financing sustainable projects in the Nordic-Baltic region.
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Locked | Locked | Locked |
Investor details for Epiroc
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Investments & Acquisitions by Epiroc
Epiroc has strategically engaged in corporate development activities, having acquired 16 companies. Notable acquisitions include 3D-P, Aard Mining Equipment and CR Mining.
Investment portfolio details for Epiroc
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- Portfolio identities
- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Provider of implements tracking, monitoring, and fleet management solutions for mining industry
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Locked | Locked | 2010 | Locked | |
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Proximity detection systems are manufactured and distributed by Mernok Elektronik.
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Locked | Locked | 2008 | Locked | |
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Electronic products are manufactured and mining/construction projects are contracted.
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Locked | Locked | 2005 | Locked |
Complete acquisition details for Epiroc
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Financial Statements - Epiroc
Detailed financials for Epiroc
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Epiroc Comparisons
Peer comparison for Epiroc
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Competitors of Epiroc
Epiroc operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ford and Volvo Group, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Automobiles and commercial vehicles are manufactured by Ford.
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Brand of commercial vehicles
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Detailed competitors of Epiroc
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Latest news on Epiroc
Complete news archive for Epiroc
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Frequently Asked Questions about Epiroc
Epiroc was founded in 1873 and raised its 1st funding round 144 years after it was founded.
Epiroc is headquartered in Nacka, Sweden. It is registered at Nacka, Stockholm County, Sweden.
Helena Hedblom is the current CEO of Epiroc.
Epiroc is a funded company, having raised a total of $166.49K across 6 funding rounds to date.
As of Apr 07, 2024, the latest employee count at Epiroc is 1,103.
Annual revenue of Epiroc is $241.03M as on Mar 31, 2023.
Epiroc is a manufacturer of drill rigs, rock excavation, and construction equipment. It caters to industries such as mining, construction, demolition recycling, and oil gas industries. Its product offerings include drill rigs, loaders trucks, rock drilling tools, hydraulic attachments, mechanical rock excavation equipment, ventilation systems, and raise boring equipment. It also provides parts services such as replacement parts kits, rock drills rotation units, and service agreements audits. In 2022, the company recorded annual revenues of 5.05B and a net profit of 0.84B.
Epiroc's top competitors include Ford and Volvo Group.
Epiroc has made 16 acquisitions, including 3D-P, Aard Mining Equipment, and CR Mining.
Epiroc has 2 investors. Key investors include European Union, and Nordic Investment Bank.