# 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.

- Type: Acquisition
- Announced: 2021-05-18
- Where: Australia
- Value: $80.0M
- Status: announced
- Products: drilling services
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Major Drilling Group International](https://endata.com/companies/55207.md) (acquirer)
- [McKay Drilling](https://endata.com/companies/55208.md) (target)

## Sources

- [mckaydrilling.com.au](https://www.mckaydrilling.com.au/mckay-drilling-sells-to-major-drilling-group-international/), 2021-05-18: "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."

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