Parent company notes
Note A19 Related parties
Relationships
The Parent Company has related party relationships with its largest shareholders, its subsidiaries, its associates and with its Board members and Group Management. The Parent Company’s largest shareholder, Investor AB, controls approximately 23% of the voting rights in Epiroc AB. The subsidiaries that are directly owned by the Parent Company are presented in note A18 and all directly and indirectly owned operating subsidiaries are listed on the following pages. Information about Board members and Group Management is presented in the Corporate governance report.
Transactions and outstanding balances
The Group has not had any transactions with Investor AB during the year and has no outstanding balances with Investor AB. Investor AB has controlling or significant influence in companies which Epiroc AB may have transactions with in the normal course of business. Any such transactions are made on commercial terms. The following table summarizes the Parent Company's transactions with Group companies:
| 2025 | 2024 | |
|---|---|---|
| Revenues | ||
| Group contribution | 4 471 | 5 506 |
| Interest income | 616 | 695 |
| Expenses | ||
| Group contribution | -292 | -188 |
| Interest expenses | -38 | -17 |
| Receivables | ||
| Receivables, current | 4 139 | 6 611 |
| Receivables, non-current | 15 006 | 15 006 |
| Liabilities | 148 | 17 |
| Guarantees | 1 317 | 1 809 |
Directly and indirectly owned subsidiaries (excluding branches), presented by country of incorporation:
| Country | Company | Location (City) |
|---|---|---|
| Argentina | Epiroc Argentina S.A.C.I | Buenos Aires |
| Australia | 3D-P Australia Pty Ltd | Southbank, VIC |
| Active Core Technology Pty Ltd | Murarrie, QLD | |
| ASI Mining Pty Ltd | Perth, WA | |
| Beyond Voice Radio Pty Ltd | East Victoria Park, WA | |
| Corescan Pty Ltd | Ascot, WA | |
| Coreshed Pty Ltd | Ascot, WA | |
| CQMS Casting Pty Ltd | Murarrie, QLD | |
| CQMS Finance Pty Ltd | Murarrie, QLD | |
| CQMS Group Holdings 1 Pty Ltd | Murarrie, QLD | |
| CQMS Group Holdings Pty Ltd | Murarrie, QLD | |
| CQMS Holdings Pty Ltd | Murarrie, QLD | |
| CQMS Pty Ltd | Murarrie, QLD | |
| CQMS Razer Pty Ltd | Murarrie, QLD | |
| CR Australia Holding Pty Ltd | Murarrie, QLD | |
| Epiroc Australia Pty Ltd | Perth Airport, WA | |
| Epiroc Financial Solutions Australia Pty Ltd | Perth Airport, WA | |
| Epiroc South Pacific Holdings Pty Ltd | Perth Airport, WA | |
| Gen Z Energy Pty Ltd | East Victoria Park, WA | |
| GeoLease Pty Ltd | Ascot, WA | |
| Geoscan Pty Ltd | Ascot, WA | |
| GET Trakka Pty Ltd | Balcatta, WA | |
| Hylogging Systems Pty Ltd | Ascot, WA | |
| JTMEC Holdings Pty Ltd | Perth Airport, WA | |
| JTMEC Projects Pty Ltd | Perth Airport, WA | |
| JTMEC Pty Ltd | Perth Airport, WA | |
| Kinetic Logging Services Pty Ltd | Perth Airport, WA | |
| ProReman Pty Ltd | Wacol, QLD | |
| Radlink Holdings Pty Ltd | Perth, WA | |
| Radlink Management Pty Ltd | East Victoria Park, WA | |
| Radlink Networks Pty Ltd | East Victoria Park, WA | |
| Radlink Pty Ltd | East Victoria Park, WA | |
| Radlink Solutions Pty Ltd | East Victoria Park, WA | |
| Remote Control Technologies Pty Ltd | Kewdale, WA | |
| Austria | Epiroc Österreich GmbH | Vienna |
| Belgium | Epiroc Belgium Distribution NV | Etterbeek |
| Bolivia | Epiroc Bolivia Equipos y Servicios S.A. | La Paz |
| Bosnia and Herzegovina | Epiroc B-H d.o.o. | Sarajevo |
| Botswana | Epiroc Botswana (Pty) Ltd | Gaborone |
| Brazil | Epiroc Brasil Comercializacao De Produtos E Servicos Para Mineracao E Construcao Ltda | Sao Paulo |
| Bulgaria | Epiroc Bulgaria EOOD | Sofia |
| Burkina Faso | Epiroc Burkina Faso SARL | Ouagadougou |
| Canada | Corescan Ltd | Vancouver, BC |
| CQMS Razer Canada Pty Ltd | Vancouver, BC | |
| CWS Industries (MFG) Corp. | Vancouver, BC | |
| Epiroc Canada Holding Inc. | Toronto, ON | |
| Epiroc Canada Inc. | Toronto, ON | |
| Evtech Solutions Ltd | Calgary, AB | |
| Fordia Group Inc. | Montreal, QC | |
| Meglab Electronique Inc. | Val D`Or, QC | |
| Chile | CQMS Razer (Chile) S.A. | Santiago |
| Epiroc Chile S.A.C. | Santiago | |
| Epiroc Distribution Chile SpA | Santiago | |
| Epiroc Financial Solutions Chile Ltda | Santiago | |
| Fordia Sudamerica Ltd | Santiago | |
| Mining Tag S.A. | Santiago | |
| Perfomex Chile SpA | Santiago | |
| China | CQMS Razer (Hong Kong) Mining Equipment Co., Ltd | Hong Kong |
| CR (Ningbo) Mining Equipment Co., Ltd | NingBo | |
| Dongying CQMS Razer Mining Equipment Co., Ltd | Dongying | |
| Epiroc (Nanjing) Construction and Mining Equipment Co., Ltd | Nanjing | |
| Epiroc (Shenyang) Trading Co., Ltd | Shenyang | |
| Epiroc (Zhangjiakou) Construction & Mining Equipment Co., Ltd | Zhangjiakou | |
| Epiroc Hong Kong, Ltd | Hong Kong | |
| Epiroc Tools and Attachments (Shanghai) Co., Ltd | Shanghai | |
| Epiroc Trading Co., Ltd | Nanjing | |
| Fordia (Changzhou) Mining Equipment Co., Ltd | Changzhou | |
| GIA (Nanjing) Mining Equipment Co., Ltd | Nanjing | |
| Hefei Intaca Science & Technology Development Co., Ltd | Hefei | |
| Colombia | Epiroc Colombia S.A.S | Bogota |
| Croatia | Epiroc Croatia d.o.o. | Zagreb |
| Czech Republic | Epiroc Czech Republic s.r.o. | Prague |
| Democratic Republic of the Congo | Epiroc DRC SARLU | Lubumbashi |
| Epiroc Services DRC SAS | Kolwezi | |
| Dominican Republic | Epiroc Republica Dominicana, S. A. S. | Santo Domingo |
| Ecuador | Epiroc Ecuador S.A. | Guayaquil |
| Estonia | Sautec AS | Tallinn |
| Finland | Epiroc Finland Oy Ab | Vantaa |
| France | Ateliers De Construction Du Beaujolais SAS | Saint-Lager |
| Dubuis et Cie SAS | Villebarou | |
| Epiroc France SAS | Cergy Pontoise | |
| SCI ACB | Saint-Lager | |
| Germany | Construction Tools GmbH1) | Essen |
| Construction Tools Solution Center GmbH1) | Essen | |
| Epiroc Deutschland GmbH1) | Essen | |
| Ghana | Epiroc Equipment Ghana Ltd | Accra |
| Greece | Epiroc Hellas Single Member S.A. | Athens |
| India | Epiroc Mining India Private Ltd | Pune |
| Indonesia | PT Epiroc Southern Asia | Jakarta |
| Italy | Epiroc Italia S.r.l. | Milan |
| Ivory Coast | Epiroc Cote d'ivoire Sarl | Abidjan |
| Japan | Epiroc Japan KK | Kanagawa |
| Kazakhstan | Epiroc Central Asia LLP | Astana |
| Kenya | Epiroc Eastern Africa Ltd | Nairobi |
| Kyrgyzstan | Epiroc Kyrgyzstan LLC | Bishkek |
| Laos | Epiroc (Lao) Sole Co. Ltd | Ban Phiavat |
| Liberia | Epiroc Liberia, Inc. | Monrovia |
| Mali | Epiroc Mali SARL | Bamako |
| Mexico | Corescan, S.A. de C.V. | Hermosillo |
| Epiroc México, S.A. de C.V. | Tlalnepantla | |
| Refacciones Neumáticas La Paz, S.A. de C.V. | Matehuala | |
| Mongolia | Epiroc Mongolia LLC | Ulaanbaatar |
| Modern Machine Engineers Gobi LLC | Khanbogd soum | |
| Morocco | Epiroc Maroc SARL | Casablanca |
| Mozambique | Epiroc Moçambique Limitada | Maputo |
| Namibia | Epiroc Mining (Namibia) (Pty) Ltd | Windhoek |
| North Macedonia | Epiroc North Macedonia DOOEL | Skopje |
| Norway | Epiroc Norge AS | Langhus |
| Panama | Epiroc Central América S.A. | Panama |
| Peru | Corescan S.A.C. | San Bora |
| Epiroc Perú S.A. | Lima | |
| Fordia Andina S.A.C. | Lima | |
| Mining Tag Peru S.A.C. | Lima | |
| Perfomex Perú S.A.C. | Lima | |
| Philippines | Epiroc Global Business Services Inc. | Santa Rosa |
| Epiroc Philippines Inc. | Laguna | |
| Poland | Epiroc Polska Sp. z o.o. | Warsaw |
| Portugal | Epiroc Portugal Unipessoal Lda | Porto Salvo |
| Russia | Epiroc RUS LLC | Moscow |
| Serbia | Epiroc Srbija a.d. | Belgrade |
| Singapore | Epiroc Singapore Distribution Pte. Ltd | Singapore |
| South Africa | Aard Mining Equipment (Pty) Ltd | Krugersdorp |
| Central Queensland Mining Supplies (Africa) Proprietary Ltd | Germinston | |
| CHT Beleggings (Pty) Ltd | Aeroton | |
| Elytica (Pty) Ltd | Potchefstroom | |
| Epiroc Digital Hub South Africa (Pty) Ltd | Centurion | |
| Epiroc Digital Safety Solutions South Africa (Pty) Ltd | Centurion | |
| Epiroc Holdings South Africa (Pty) Ltd | Boksburg | |
| Epiroc South Africa (Pty) Ltd | Boksburg | |
| Fordia South Africa (Pty) Ltd | Alberton | |
| Innovative Mining Products (Pty) Ltd | Aeroton | |
| K2024020098 (SOUTH AFRICA) (Pty) Ltd | Krugersdorp | |
| K2024020117 (SOUTH AFRICA) (Pty) Ltd | Krugersdorp | |
| Keep Investments (Pty) Ltd | Aeroton | |
| New Concept Mining (Pty) Ltd | Aeroton | |
| Nicaud Companies 22 (Pty) Ltd | Aeroton | |
| Polkadots Properties 117 (Pty) Ltd | Krugersdorp | |
| Retfin 211 (Pty) Ltd | Aeroton | |
| WECO (Pty) Ltd | Krugersdorp | |
| South Korea | D and A Heavy Industries Co.,Ltd | Seoul |
| Epiroc Korea Co., Ltd | Seongnam | |
| Spain | Epiroc Minería e Ingeniería Civil España, S.L | Coslada |
| Sweden | Construction Tools PC AB | Kalmar |
| Epiroc Drilling Tools AB | Fagersta | |
| Epiroc Financial Solutions AB | Nacka | |
| Epiroc Gällersta Gryt 4:9 HB | Örebro | |
| Epiroc Hjullastaren 1 Fastighets AB | Örebro | |
| Epiroc Rock Drills AB | Örebro | |
| Epiroc Sweden AB | Norsborg | |
| Epiroc Treasury AB | Nacka | |
| Switzerland | Epiroc Schweiz AG | Studen |
| Tanzania | Epiroc Tanzania Ltd | Dar es Salaam |
| Thailand | Epiroc (Thailand) Ltd | Bangna |
| Turkey | Epiroc Makina AS | Istanbul |
| Ukraine | Epiroc Ukraine LLC | Kiev |
| United Arab Emirates | Epiroc Middle East FZE | Dubai |
| United Kingdom | Corescan Ltd | Kensington |
| Epiroc UK and Ireland Ltd | Hemel Hempstead | |
| USA | Certus Insurance Inc. | Burlington, VT |
| Corescan Inc. | Chapel Hill, NC | |
| CPE Acquisition Co. | Ooltewah, TN | |
| CR Americas Inc. | Portland, OR | |
| CR Mining Equipment (USA) LLC | Portland, OR | |
| Epiroc Drilling Solutions LLC | Garland, TX | |
| Epiroc Drilling Tools LLC | Fort Loudon, PA | |
| Epiroc Financial Solutions USA LLC | Garland, TX | |
| Epiroc Industrial Tools and Attachments LLC | Milwaukie, OR | |
| Epiroc North America Corp. | Garland, TX | |
| Epiroc Surface Mining Automation Center LLC | Logan, UT | |
| Epiroc USA LLC | Commerce City, CO | |
| EPRC Export Corp. | Garland, TX | |
| Italparts USA LLC | Garland, TX | |
| JCAC Technologies Inc. | Payson, AZ | |
| JRB Attachments LLC | Akron, OH | |
| Paladin Brands Group Inc. | Milwaukie, OR | |
| Pengo Corp. | Milwaukie, OR | |
| Sweepster Attachments LLC | Dexter, MI | |
| Uzbekistan | Epiroc Mining and Construction Technique FE LLP | Tashkent |
| Zambia | Epiroc Zambia Ltd | Chingola |
| Zimbabwe | Epiroc Zimbabwe (Private) Ltd | Harare |
| 1) These companies have made use of the exemption rights under Sec. 264 para. 3 of the German Commercial Code (HGB) since 2018. | ||