# Master Drilling to acquire Atlantis Group raiseboring businesses

Master Drilling and its subsidiaries have entered into agreements to acquire the raiseboring businesses of Atlantis Group in India, Brazil, Zambia, and South Africa for ZAR107.5 million, payable in instalments over 12 months.

- Type: Acquisition
- Announced: 2018-09-04
- Value: $7.50M (107.5M ZAR)
- Status: announced
- Products: raiseboring services, mining supplies, parts manufacturing
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Master Drilling](https://endata.com/companies/34116.md) (acquirer)
- [Atlantis Group](https://endata.com/companies/34117.md) (target)

## Sources

- [im-mining.com](https://im-mining.com/2018/09/04/master-drilling-acquire-atlantis-group-raiseboring-businesses/), 2018-09-04: "The acquisitions will strengthen Master Drilling’s businesses in each of the above regions and will augment the skills and expertise of the group in these various countries."

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