Weir Group Expands Mining Software Portfolio with Fast2Mine Acquisition

Weir Group (LON: WEIR) has finalized its acquisition of Fast2Mine Tecnologia e Desenvolvimento de Sistemas Ltda, a Brazil-based software provider specializing in mine management solutions.

The acquisition, initially announced on September 23, 2025, marks a significant step in Weir's strategy to bolster its presence in the mining software market, particularly in South America.

The integration of Fast2Mine into Weir's Micromine portfolio is expected to enhance the company's existing software offerings, including the Alastri open pit mine planning and Pitram underground mine management solutions.

Weir anticipates that Fast2Mine's expertise will accelerate its expansion in the region and provide a platform for international growth.

Financially, the acquisition is not expected to alter Weir's full-year revenue, operating profit, or leverage guidance as of July 31, 2025. Management maintains its expectation of net debt/EBITDA below 2x by December 31, 2025, indicating a stable financial outlook despite the acquisition.

The strategic rationale behind the acquisition centers on the complementary nature of Fast2Mine's software with Micromine's existing products.

This synergy is expected to drive increased adoption of Weir's software solutions in the mining industry, particularly in South America, where Fast2Mine already has a strong foothold.

The acquisition also aligns with the broader trend of digitalization in the mining sector, as companies increasingly rely on software to optimize operations and improve efficiency.

CEO Jon Stanton stated, “We are delighted to formally welcome Fast2Mine to Weir. Fast2Mine's software is highly complementary with the Micromine portfolio… and we are very excited by the opportunity to further accelerate our strategy to provide leading software solutions to the mining industry.”