Street Talk

Swedish giant Epiroc among bidders for Potentia’s Micromine

Sarah Thompson, Kanika Sood and Emma Rapaport

Feb 13, 2025 – 2.31pm

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Epiroc, a Swedish mining equipment manufacturer capitalised at about $US23 billion ($36.6 billion) on the Nasdaq, is among bidders chasing Potentia Capital’s $1.2 billion-plus mining software business Micromine.

While sources emphasised key process decisions – including granting one party preferred bidder status – were a couple of weeks away, Epiroc was an underbidder in 2022 when Potentia agreed a $900 million sale of the mining software player to AspenTech.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.