Since February 2023, companies within the Schramm Australia Group, headquartered in Perth, Western Australia, have been in voluntary administration, with Hayden White, Paul Harlond, and Ian Francis of FTI Consulting appointed voluntary administrators. They continued to trade the business during the administration to best maximise the outcome for Schramm Australia Group's stakeholders.

The assets being acquired by Epiroc includes all existing operations at the two production facilities located in Perth as well as two service centres located in Brisbane and Adelaide.

Epiroc has committed to offering all existing employees (~80 staff) jobs with the new entity, which will ensure skilled tradespeople and manufacturing will be retained, with Epiroc committing to keep all four Australian manufacturing and repair facilities open.

The purchase of the Schramm Australia Group by Epiroc will open a new chapter for the brand and build on the knowledge and skills developed throughout Schramm's 123 years of operations.

"The Schramm products and brand are well known as a global leader in reverse circulation technology," Helena Hedblom, Epiroc's president and CEO, said. "We look forward to welcoming the strong team at Schramm Australia to the Epiroc Group."

Voluntary administrator, Hayden White, said: "This is a great outcome for Schramm's employees who have responded to the voluntary administration period with determination and commitment to continue to deliver for the company's customers. Ensuring employees will be retained by a new buyer has been a key focus of the administration process.

"Creditors and the wider exploration and mining industries will continue to be served by a world-class supplier of drilling equipment both domestically and internationally.

"The sale will ensure this globally recognised brand will continue as a significant contributor to the mining industry in Western Australia and globally."

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