# Wood to sell Terra Nova Technologies to Cementation Americas for $38M

Wood agreed to sell its Terra Nova Technologies conveying and material handling business to Cementation Americas, owned by Murray & Roberts, for expected cash proceeds of $38 million. Closing is expected in the June quarter of 2019.

- Type: Acquisition
- Announced: 2019-03-25
- Where: Salt Lake City, Utah, United States
- Value: $38.0M
- Status: announced
- Products: conveying systems, material handling systems, mobile stacking systems
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md), [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Wood Group](https://endata.com/companies/386.md) (partner)
- [Wood Group](https://endata.com/companies/386.md) (target)
- [Terra Nova Technologies](https://endata.com/companies/28456.md) (target)
- [Murray & Roberts](https://endata.com/companies/38195.md) (investor)
- [Cementation Americas](https://endata.com/companies/38212.md) (acquirer)

## Sources

- [im-mining.com](https://im-mining.com/2019/03/25/wood-sell-terra-nova-cementation-americas/), 2019-03-25: "Wood has agreed the sale of its Terra Nova Technologies business to Cementation Americas, a business owned by Murray & Roberts Holdings."
- [miningmagazine.com](https://www.miningmagazine.com/management/news/1359347/cementation-buys-woods-conveyor-systems-business), 2019-03-25: "Wood is selling its subsidiary, Terra Nova Technologies, to Cementation Americas."
- [canadianminingjournal.com](https://www.canadianminingjournal.com/news/merger-cementation-acquires-terra-nova-technologies/), 2019-03-25: "The purchase of TNT fits well within Cementation’s strategy to improve our ability to serve clients, both geographically and across the mining value chain."
- [cementation.com](https://www.cementation.com/cementation-americas-acquires-terra-nova-technologies-and-expands-its-global-mining-service-offering/), 2019-03-25: "The purchase of TNT fits well within Cementation’s strategy to improve our ability to serve clients, both geographically and across the mining value chain."
- [im-mining.com](https://im-mining.com/2019/05/03/wood-cementation-americas-complete-terra-nova-technologies-deal/), 2019-05-03: "The purchase of TNT fits well within Cementation's strategy to improve our ability to serve clients, both geographically and across the mining value chain."

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