Archives: Mining mergers and acquisitions

Anglo American, in its 2018 annual report, says its use of drones for safety, surveying and security is continuing to expand as it looks to remote-control more of its mining activities. The company has used drones attached to manned aerial-reconnaissance planes for many years and, today, considers itself an industry leader when it comes to[…]

Volvo Construction Equipment is to acquire special application partner CeDe Group for an undisclosed sum, the Sweden-based company has said. CeDe Group, based out of Malmo, Sweden, has a good reputation in the Nordic region as a low-volume adaptor of construction and mining machinery for special applications, according to Volvo CE. It has worked with[…]

The Weir Group has entered into an agreement to sell its Flow Control division to First Reserve, a global private equity investment firm focused exclusively on energy, for an enterprise value of £275 million ($360 million). Weir, which will receive cash for the sales, said all the way back in April 2018 that it planned[…]

Less than four months after acquiring Barminco, Ausdrill says the integration of the two businesses is on target to deliver synergies of around A$11 million/y ($7.8 million/y) from its 2020 financial year. This exceeds the previously stated target of A$5 million and is representative of both the new business structure Ausdrill has implemented and its[…]

Strategen has agreed to merge with JBS&G Australia to create a leading environmental firm serving several industries. “As a new combined entity, our merger (effective July) will bring together some of Australia’s leading experts within the environmental industry, allowing us to offer a broader range of services to our clients across the country,” Strategen said.[…]

IMDEX has entered into a secondary option period from March 2019 – December 2019 to acquire New Zealand-based companies Flexidrill Ltd and Flexidrill Construction Ltd, and the patent-protected technologies COREVIBE™ and MAGHAMMER™. IMDEX’s decision to progress the COREVIBE and MAGHAMMER towards commercialisation is based on strong demand from drilling contractors and resource companies, together with[…]

Pekka Vauramo might have only been away from the mining industry for just over a decade, but the new Metso CEO is acutely aware that the digitalisation and automation trend he saw the beginnings of during his time at Sandvik now plays a major role in planning the mines of the future. Fortunately for Vauramo,[…]

Sandvik has completed the previously announced acquisition of Artisan Vehicle Systems, a US-based supplier of battery electric vehicle solutions for underground mining. Artisan will be a business unit in the Load and Haul division within Sandvik Mining and Rock Technology. The statement said: “Artisan is a start-up company which in 2017 had revenues of $12.3[…]

FLSmidth says it has completed its portfolio of automated laboratory solutions for the mining industry with the takeover of IMP Automation Group. The market for automated laboratories is growing due to a combination of high exploration activity and an increased focus on productivity, automation and digitalisation, according to FLSmidth. “IMP is the global leader in[…]

NEPEAN’s PROK Conveyor Components has extended its conveyor component capability with the addition of a fully-operational specialised original equipment manufacturer (OEM) pulley business based in New South Wales, Australia. NEPEAN Chief Executive Officer, Miles Fuller, said the new business, which comes from Tefco Engineering’s assets, is a perfect extension of its conveyor pulley capability in[…]