Integration and leadership

The business will be led by Kristen Walsh, previously Regional Managing Director of Minerals APAC, who is appointed Division President, Digital Solutions and joins the Group Executive reporting to Jon Stanton. Andrew Birch, the current CEO of Micromine, will remain with Weir for up to 12 months supporting Kristen in an advisory capacity.

In due course, we intend to bring together Micromine solutions with MOTION METRICS^TM and NEXT intelligent solutions, to create a sector-leading combined digital solutions offering for the mining industry. In the meantime Micromine will be reported externally within the ESCO Division.

A high quality, high growth and highly profitable business

Micromine is a leading software provider to the mining industry with comprehensive solutions across the upstream mining value chain from exploration through mine design and planning, operational scheduling and mining operations in hard ore, soft ore and underground applications.

In terms of the impact to our 2025 financial guidance, we expect Micromine’s revenue contribution to be in-line with the pro-forma information presented previously on 28 February, subject to changes in the Australian Dollar exchange rate since release. We expect Micromine’s operating profit contribution to add around 25bps to group operating margins in 2025, with c.£16m of one-off integration and acquisition related costs to be recognised across 2025 and 2026 as exceptional items. As a result of funding the transaction, we expect an increase in interest costs in the year of approximately £25m.

_Notes:

_{1. Purchase settled in AUD. Spot of 2.0995 based on indicative Management rates.}