Weir–ESEL Chile GET acquisition: supply, wear and shovel design notes for engineers
Reviewed by Tom Sullivan

First reported on International Mining – News
30 Second Briefing
Weir is acquiring the remaining 50% of Chile-based ESCO Elecmetal Fundición Limitada (ESEL), a ground engaging tools manufacturer, for about $75 million, giving it full ownership of the joint venture. The deal consolidates Weir’s control over design and production of GET for large mining shovels and loaders in South America, tightening integration with its ESCO wear parts portfolio. Direct access to ESEL’s foundry capacity in Chile should shorten lead times and improve aftermarket support for high-abrasion ore and waste handling applications.
Technical Brief
- Transaction value of approximately $75 million is subject to net debt and working capital adjustments.
- Binding agreement structure reduces execution risk and provides clarity on completion conditions for both parties.
- ESEL operates as a Chile-based foundry, implying local melt, pour and heat-treatment capability for GET.
- Local manufacturing in Chile reduces transcontinental freight exposure for heavy cast GET components.
- Integration of design and foundry operations enables tighter control of alloy selection and casting quality.
- Full ownership simplifies product qualification, pattern changes and metallurgy upgrades for specific ore abrasivity profiles.
- Consolidation of the joint venture streamlines aftermarket support contracts and warranty responsibility with mine operators.
Our Take
In our database, Weir’s acquisition of Fast2Mine in Brazil and now full control of ESEL in Chile point to a deliberate South American build‑out that spans both digital fleet management and physical ground engaging tools, tightening its grip on open‑pit value chains in the region.
The $75 million outlay for the remaining 50% of ESEL is modest compared with greenfield manufacturing builds in Chile, suggesting Weir is favouring incremental bolt‑on deals to deepen local casting and wear‑parts capability rather than adding new plant from scratch.
Among the 287 Mining stories tracked, Weir appears more frequently in technology and productivity pieces than traditional miners, signalling that OEMs with strong regional footprints like this in South America are increasingly shaping how projects specify and standardise wear‑parts systems at the design stage.
Prepared by collating external sources, AI-assisted tools, and Geomechanics.io’s proprietary mining database, then reviewed for technical accuracy & edited by our geotechnical team.
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