Weir Group has signed a binding agreement to buy Fast2Mine Tecnologia e Desenvolvimento de Sistemas Ltda (Fast2Mine), a Brazil-based company specialising in mining software solutions.
Fast2Mine offers a software-as-a-service (SaaS) platform that includes modules for material management, mine optimisation, short-interval control, fleet management and asset health diagnostics.
The platform is currently being used in 84 mines across Argentina, Brazil, Chile, Guyana, Liberia and Mexico.
This acquisition is expected to enhance Weir's existing software offerings, particularly its Micromine suite, which provides mine planning and control software.
Weir CEO Jon Stanton said: “The acquisition of Fast2Mine will accelerate our expansion into the South American mining software market, providing a strong and immediate presence in Brazil, home to some of the world’s largest mineral deposits.
“Fast2Mine’s software platform is a highly complementary addition to Weir’s mining software suite, including meaningful synergies with Micromine’s Alastri open-pit mine planning solution and adjacency with Micromine’s Pitram underground fleet management solution.
“We are looking forward to welcoming Fast2Mine to Weir and are excited by the opportunity to further accelerate our vision for digitally enabled mine optimisation.”
This acquisition aims to integrate Fast2Mine’s technology with Weir’s software portfolio, enriching the services provided for both open-pit and underground mining operations.
Weir said the strategic move aligns with its objective to expand its presence in the mining software sector.
By incorporating Fast2Mine's technology, Weir aims to offer comprehensive solutions that cater to the industry's evolving needs.
The company stated that there will be no changes to its financial projections for revenue, operating profit and leverage as of 31 July 2025.
In June this year, Weir signed a definitive agreement to acquire Townley Engineering and Manufacturing and Townley Foundry & Machine (Townley) for £111m ($150m).
The acquisition is expected to enhance Weir’s manufacturing capabilities and market presence in North America, especially in the vital phosphate industry.
