Weir to acquire Brazilian mining software company Fast2Mine

The Weir Group has entered into a binding agreement to acquire Fast2Mine Tecnologia e Desenvolvimento de Sistemas Ltda, a Brazilian mining software solutions company, in a move that strengthens its digital capabilities and expands its South American market presence.

Fast2Mine specializes in software-as-a-service (SaaS) solutions for the mining industry, offering a comprehensive platform with modules covering material management, mine optimization, short-interval control, fleet management, and asset health diagnostics. The company’s technology is currently deployed at 84 mining operations across several countries, including Argentina, Brazil, Chile, Guyana, Liberia, and Mexico.

The acquisition is strategically aligned with Weir’s existing software portfolio, particularly complementing its Micromine suite, which provides mine planning and control software. Industry analysts note that the integration creates significant potential for technological synergies, especially with Micromine’s Alastri open-pit mine planning solution and adjacencies with its Pitram underground fleet management system.

Weir CEO Jon Stanton emphasized the strategic importance of the acquisition, stating: “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.”

Brazil represents a critical market in the global mining landscape, with vast reserves of iron ore, bauxite, copper, and other minerals that have attracted significant investment in recent years. Mining technology solutions have become increasingly important in the region as operators seek to improve efficiency, reduce costs, and meet sustainability goals.

“We are looking forward to welcoming Fast2Mine to Weir and are excited by the opportunity to further accelerate our vision for digitally enabled mine optimization,” Stanton added.

The mining software sector has seen rapid growth in recent years as mining companies increasingly turn to digital solutions to optimize operations, improve safety, and reduce environmental impact. The integration of Fast2Mine’s technology into Weir’s portfolio positions the company to better serve both open-pit and underground mining operations with more comprehensive digital solutions.

Despite the acquisition, Weir has stated that there will be no changes to its financial projections for revenue, operating profit, and leverage as previously reported on July 31, 2025. This suggests the company expects the integration to be smooth and potentially accretive to earnings in the longer term.

This is not Weir’s only recent strategic acquisition. In June, the company signed a definitive agreement to acquire Townley Engineering and Manufacturing and Townley Foundry & Machine for £111 million ($150 million). That acquisition was aimed at enhancing Weir’s manufacturing capabilities and strengthening its market presence in North America, particularly in the phosphate industry.

The back-to-back acquisitions signal Weir’s aggressive growth strategy and commitment to expanding its technological capabilities across different segments of the mining sector. By building out its software and manufacturing expertise simultaneously, Weir is positioning itself as a more comprehensive solutions provider in a competitive global mining equipment and services market.

Industry experts suggest that Weir’s focus on software acquisitions reflects the mining industry’s broader shift toward digital transformation, with operators increasingly seeking integrated solutions that combine hardware, software, and services to optimize mining operations from planning through to execution and monitoring.

The financial terms of the Fast2Mine acquisition have not been disclosed, but the deal is expected to close in the coming months, subject to customary regulatory approvals.