Dec 19, 2023ACQUISITIONCanada Orica to acquire Terra Insights for C$505 million
Orica has entered into a binding agreement to acquire 100% of Canadian company Terra Insights from Vance Street Capital for C$505 million on a cash-free, debt-free basis. The acquisition is expected to close in H1 2024.
Value
$380.0M (505.0M CAD)
Productsgeotechnical monitoring solutionsinclinometerspiezometersShapeArray inclinometersInSAR monitoringvibration monitorsGPS/GNSS monitoring
“Terra is highly complementary to Orica Digital Solutions and our GroundProbe business, adding additional products and capability across the mining and civil infrastructure value chains.”im-mining.com
- 3 sources
- im-mining.comOrica enhances Digital Solutions business again with acquisition of Terra - International MiningPaul MooreDec 19, 2023
- australianmanufacturing.com.auOrica fortifies digital footprint with landmark CAD $505M Terra acquisition - Australian ManufacturingKate B.Dec 20, 2023
- globalminingreview.comOrica announces Terra Insights acquisition | Global Mining ReviewWill OwenDec 20, 2023
Summarized from public sources; check the original articles before acting on it.
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