Major Drilling Group acquires McKay Drilling for up to $80M

McKay Drilling entered into an agreement to be acquired by Major Drilling Group International Inc. in a transaction worth up to $80 million. The acquisition provides Major Drilling a foothold in the Australian mining sector.

“This acquisition is a meaningful part of our growth strategy and provides us a strong foothold in an important growth market with high barriers to entry.”mckaydrilling.com.au

• 1 source
• mckaydrilling.com.auMcKay Drilling sells to Major Drilling Group International - McKay DrillingEllaMay 18, 2021

Summarized from public sources; check the original articles before acting on it.