# Orica acquires Axis Mining Technology for A$260M

Orica announced a binding agreement to acquire 100% of Axis Mining Technology, a digital orebody intelligence business, for A$260 million upfront cash consideration plus a deferred earn-out up to A$90 million. The acquisition aims to create a leading full-service Orebody Intelligence business.

- Type: Acquisition
- Announced: 2022-08-03
- Where: Australia
- Value: $180.0M (260.0M AUD)
- Status: announced
- Products: digital orebody intelligence, geospatial technology
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Orica Limited](https://endata.com/companies/28933.md) (acquirer)
- [Axis Mining Technology](https://endata.com/companies/64525.md) (target)

## Sources

- [orica.com](https://www.orica.com/en/resource-hub/news/2022/orica-announces-strategic-acquisition-of-digital-orebody-intelligence-business-axis-mining-technolog), 2022-08-03: "Orica is pleased to announce that it has entered into a binding agreement to acquire 100% of the share capital in the entities that own Axis Mining Technology for A$260 million in cash."

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