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The Driller's Choice

Acquisition of Driconeq AB

On 19th March 2018, the Group completed the acquisition of Driconeq AB, the holding company for the Driconeq Group of companies.

Driconeq is a leading global supplier of high quality drill pipes and accessories for down-the-hole (DTH), rotary and reverse-circulation applications with factories in Sunne, Sweden, Johannesburg, South Africa and Perth Australia. An integral part of the group is the heat treatment business, HARDtekno, located in Kristinehamn in Sweden.

 

The factories are an excellent fit for the Mincon manufacturing and business footprint, being close to existing key Mincon facilities and management and giving us a worldwide brand in drill pipe and associated products. This is a fine addition to our product categories and will fit naturally with the products we already sell, and the many customers we already supply.

Our current drill pipe manufacturer, Viqing Group, which we acquired last year, will be combined with the Driconeq Group, and add its rapidly building sales to this product category for the Group. The management teams in Sunne, where both businesses are headquartered, will be merged as agreed.

OVERVIEW

Mincon Group plc is a global engineering business specialising in the design, development, manufacture, and service of rock drilling tools for a variety of applications.

Originally founded in 1977 in Shannon, Ireland, it now has a worldwide presence, with customer service centres and factories across the Americas; Europe and Middle East; Africa, and Asia Pacific. 

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Mincon Group plc- The Driller's Choice ™ 2020

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