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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 20251.
John Stanton, CEO, Weir:
“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 Micromine'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.