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Mincon adds new acquisition, builds sales

Mincon (AIM: MCON) CEO Joe Purcell says the company has hit a €120 million (US$147 million) annual revenue run rate following its latest acquisition, of Sweden’s Driconeq. The Irish drilling products manufacturer this week reported €17.1 million net earnings on 2017 full-year sales of €97.4 million, up 28% on the previous 12 months.

Staff reporter
Ireland Mincon has acquired Swedish drill pipe manufacturer Driconeq

Ireland Mincon has acquired Swedish drill pipe manufacturer Driconeq

Scandinavia has been a happy hunting ground for Mincon in the past 12 months. The EUR8 million Driconeq acquisition adds to deals that have seen PPV, Rotacan and Viqing expand its manufacturing and...

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