Boart Longyear Sells South African Operations
July 7, 2009
Boart Longyear has announced the sale of certain of its sub-Saharan African operations to Tranter Energy and Mining Services Ltd. The business, to be renamed Tranter Rock Drills, consists of Boart Longyear’s percussive rock drills and hard rock tools product lines for sub-Saharan Africa, as well as manufacturing operations located in Roodepoort, South Africa. The business generated approximately $14 million in revenues in 2008. As a result of the sale, all 260 employees associated with the business are transferring to Tranter Rock Drills. Boart Longyear will continue to supply rock drills and hard rock tools outside of the sub-Saharan Africa region, and under the terms of the sale, Tranter Rock Drills will become Boart Longyear’s exclusive supplier of rock drills for a two-year period.