WR Group acquires INCO engineering to build on its strengths in hoisting – International Mining

Dusseldorf, Germany-based WR Group Holding, led by entrepreneur Wadim Rosenstein, and which also owns WR Logistics, has acquired 100% of INCO engineering, a Czech specialist in shaft hoisting systems and mining engineering. With historical roots in Prague going back to 1832, the company built its first mine hoist in 1877 and has since delivered more than 600 mine hoist projects worldwide.

INCO’s development is closely linked to ČKD, which at its peak employed more than 50,000 people and played a central role in Czech engineering. The company’s hoisting systems have been installed in mining projects across the world.

The acquisition builds on INCO’s established strengths while creating a platform for future growth. INCO will continue to operate under its name and management in Prague, with a focus on developing its market position, expanding internationally, strengthening service support, and investing in technology.

“INCO has always been a respected company in the market,” said Wadim Rosenstein, Founder of WR Group Holding. “This transaction gives us the opportunity to take a business with almost two centuries of experience in shaft hoisting and prepare it for the next stage of growth. By combining INCO’s technical capabilities with WR Group’s international network and long term investment approach, we will strengthen its role in the mining industry.”

The strategy for INCO under WR Group will focus on four priorities. First, international expansion into both established and emerging mining markets. Second, technology development to modernise product lines and integrate digital capabilities. Third, client partnerships built on reliability, service, and lifecycle support. And fourth, sustainability and safety, ensuring solutions meet modern environmental and operational standards.

With this approach, WR Group says it aims to build on INCO’s Czech mining engineering tradition while positioning the company for long-term growth in global shaft hoisting and mining technology.