# Veracio to acquire Minalyze for US$29.3 million

Boart Longyear subsidiary Veracio has entered a binding agreement to acquire all shares in drill core scanning specialist Minalyze for US$29.3 million. Completion is scheduled for September 20, 2023.

- Type: Acquisition
- Announced: 2023-09-19
- Where: Sweden
- Value: $29.3M
- Status: announced
- Products: X-ray fluorescence core scanning instruments, geological data visualization software
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Boart Longyear](https://endata.com/companies/17406.md) (investor)
- [Minalyze](https://endata.com/companies/32303.md) (target)
- [Veracio](https://endata.com/companies/72704.md) (acquirer)

## Sources

- [mining.com.au](https://mining.com.au/boart-subsidiary-to-buy-out-minalyze/), 2023-09-19: "This strategic transaction creates immense possibilities for Veracio and Minalyze, where combined expertise will be used to push boundaries that can produce a product portfolio going beyond anything previously available"
- [globenewswire.com](https://www.globenewswire.com/news-release/2023/09/19/2745262/0/en/Veracio-s-Landmark-Acquisition-of-Minalyze-Set-to-Fast-Track-Global-Orebody-Knowledge-Through-Enhanced-Data-Analysis-and-AI.html), 2023-09-19: "This acquisition represents an exciting new chapter for both Veracio and Minalyze"
- [im-mining.com](https://im-mining.com/2023/09/19/veracio-captures-more-drill-core-scanning-market-share-with-minalyze-acquisition/), 2023-09-19: "This acquisition represents an exciting new chapter for both Veracio and Minalyze."

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