# Tega Industries completes $1.5B acquisition of Molycop with Apollo

Tega Industries Limited has completed the acquisition of Molycop in a consortium with Apollo Global Management, valuing the target at an enterprise value of about $1.5 billion. Tega will be the controlling shareholder, with Apollo Funds holding a minority stake.

- Type: Acquisition
- Announced: 2026-06-01
- Value: $1.50B
- Status: completed
- Products: mining consumables, mill optimisation solutions
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Apollo Global Management](https://endata.com/companies/3851.md) (investor)
- [Apollo Global Management](https://endata.com/companies/3851.md) (partner)
- [Tega Industries](https://endata.com/companies/65906.md) (acquirer)
- [Molycop](https://endata.com/companies/66415.md) (target)

## Sources

- [legal.economictimes.indiatimes.com](https://legal.economictimes.indiatimes.com/news/international/tega-industries-partners-with-apollo-global-management-for-15-billion-molycop-acquisition/131450084), 2026-06-01: "Tega Industries Limited on Monday said it has completed the acquisition of Molycop in a consortium with funds managed by affiliates of Apollo Global Management, valuing the target at an enterprise value of about $1.5 billion."
- [sahi.com](https://www.sahi.com/news/tega-industries-completes-1-5-billion-molycop-acquisition-in-strategic-apollo-funds-partnership-3856-PE1_COR), 2026-06-02: "Tega Industries has finalized its transformational acquisition of Molycop... for a total consideration of approximately $1.5 Billion."
- [im-mining.com](https://im-mining.com/2026/06/02/tega-industries-strengthens-global-consumables-offering-with-acquisition-of-molycop/), 2026-06-02: "Tega Industries Ltd. has completed its acquisition of Molycop, expanding its 'critical to operate' consumables offering with what it says is an innovative portfolio."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.