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New Deal


Announced

Orica to acquire Axis Mining Technology for $243m.

Financials

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Transaction Value£199m
Consideration TypeCash, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

geospatial tools

Domestic

Single Bidder

Private

Australia

Acquisition

Pending

General Mining

Friendly

Synopsis

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Orica, a mining and infrastructure solutions provider, agreed to acquire Axis Mining Technology, a company in the design, development and manufacture of specialised geospatial tools and instruments for the mining industry, for $243m. “The integration of Axis’ technology and expertise will accelerate our ability to support our customer’s digital transformation efforts around the world, helping them to operate more efficiently, sustainably and safely," Sanjeev Gandhi, Orica Managing Director and CEO.

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