# DSI Underground to acquire Fero Group

DSI Underground Australia has agreed to acquire privately-owned manufacturer Fero Group, adding galvanising and mesh manufacturing capabilities. The transaction is conditional on regulatory approval and terms were not disclosed.

- Type: Acquisition
- Announced: 2018-05-02
- Where: Australia
- Status: announced
- Products: strata reinforcement and ground support products, galvanising and mesh manufacturing
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md), [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [DSI Underground](https://endata.com/companies/31645.md)
- [Fero Group](https://endata.com/companies/31646.md) (target)

## Sources

- [australianmining.com.au](https://www.australianmining.com.au/dsi-underground-acquire-fero-group/), 2018-05-02: "I am very pleased that the owners of Fero, the Franco family, will become shareholders in DSI Underground and Fero’s managing director, Michael Franco, will continue to support DSI Underground at an operational level and as an advisor to the global DSI Underground board."

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