# Orica to acquire GroundProbe for $205M

Orica has agreed to buy Australian technology company GroundProbe from Crescent Capital for $205 million. GroundProbe provides monitoring and measurement systems for mining companies.

- Type: Acquisition
- Announced: 2017-12-20
- Where: Brisbane, Australia
- Value: $158.0M (205.0M AUD)
- Status: announced
- Products: monitoring and measurement systems, laser and radar technology
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Orica Limited](https://endata.com/companies/28933.md) (acquirer)
- [GroundProbe](https://endata.com/companies/28934.md) (target)
- [Crescent Capital](https://endata.com/companies/28935.md) (investor)
- [Crescent Capital Partners](https://endata.com/companies/28981.md) (partner)

## Sources

- [afr.com](https://www.afr.com/companies/mining/orica-to-buy-brisbanes-groundprobe-for-205m-20171220-h07olq), 2017-12-19: "Mining services giant Orica has taken another step into the world of big data, buying Australian technology group GroundProbe from private equity firm Crescent Capital for $205 million."
- [mining-technology.com](https://www.mining-technology.com/news/orica-acquire-mining-technology-company-groundprobe-157m/), 2017-12-21: "The integration of GroundProbe’s market-leading technologies will further consolidate our position as the industry leader in digitally enabled blasting solutions to the mining industry."

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