Epiroc had a fantastic start to 2019 with the acquisition of Fordia, a well-known Canadian manufacturer of exploration drilling tools. This serves to strengthen Epiroc’s offering and position in the exploration segment. Arunkumar Govindarajan, President Rock Drilling Tools at Epiroc, looks forward to continue providing customers with high-quality drilling tools.
“This acquisition is a perfect fit for our strategy going forward with the exploration consumables product lines. Fordia’s brand equity and great reputation on the market leverages our innovation power and existing product range, providing the customer with an optimal solution adapted to suit their needs and challenges,” says Arunkumar Govindarajan.
Fordia has achieved fantastic success in the diamond drilling industry since the company was founded in Montreal, Canada in 1977. Founder Clement Paquet and his assistant first ran the entire company by themselves, establishing the manufacturing and quality control processes that have become the hallmark for the brand. Today, Fordia has around 240 employees, sales in more than 70 countries, and factories in Canada and China. The company’s sophisticated technology with production precision of a controlled-atmosphere furnace has been crucial to this success. Epiroc intends to continue building the Fordia brand, but instead of competing, the companies will join forces to provide customers with the best possible products and services in the exploration market.
“Both Fordia and Epiroc customers gain a new dimension of business as our two companies come together, getting the full offering from both sides. Fordia’s agility and customer focus are now backed up by some serious muscle power, and the future is bright as sparkling diamonds,” says Arunkumar Govindarajan.
Fordia also considers the acquisition a great success. Denis Landry, General Manager at Fordia and VP of Exploration, Rock Drilling Tools at Epiroc, elaborates: “Fordia and Epiroc coming together puts us in a position to become global leaders in the industry, and we will see more innovation within diamond drilling in the future.”
Fordia in numbers
- Year founded: 1977
- Number of employees: 240
- Global presence: Sales in more than 70 countries
- Annual turnover: CAD 82 million
Epiroc operated under the trademark “Atlas Copco” prior to January 1, 2018.