# Ausdrill closes $197.2m acquisition of mining contractor Barminco

Diversified mining services company Ausdrill has closed the $197.2 million transaction to acquire underground hard-rock mining contractor Barminco, representing an enterprise value of $697 million.

- Type: Acquisition
- Announced: 2018-11-02
- Where: Australia, Australia
- Value: $197.2M
- Status: completed
- Products: mining services
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Ausdrill](https://endata.com/companies/23818.md) (acquirer)
- [Barminco](https://endata.com/companies/23819.md) (target)

## Sources

- [mining-technology.com](https://www.mining-technology.com/news/ausdrill-purchase-barminco/), 2018-11-02: "Ausdrill has closed the $197.2m transaction to acquire underground hard-rock mining contractor Barminco in order to strengthen its position."
- [mining-technology.com](https://www.mining-technology.com/news/mas-week-anglo-american-platinum-ausdrill-coal-india/), 2018-11-09: "Ausdrill has transformed into the second biggest mining services company in Australia by revenue and the biggest ASX-listed pure-play mining services company through the acquisition."

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