Engineering group Mincon has agreed a deal to buy the share capital of Pacific Bit of Canada.

The Shannon-based company said the deal is an important building block in developing its sales into the Canadian market. 

Based in Vancouver, Pacific Bit distributes mainly mining and construction products in Western Canada. Sales in 2018 were about $5.5m and the business was profitable.

In a statement, Mincon said it was prepared to discuss acquisition, partnership and investment with other businesses in suitable geographic territories and relationships, for its key and ancillary products.

Mincon makes a range of rock-drilling hammers and bits for a variety of industries including mining exploration, mining production, oil and gas drilling, water well drilling, geothermal drilling and seismic drilling.