# 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.

- Type: Acquisition
- Announced: 2023-12-19
- Where: Canada
- Value: $380.0M (505.0M CAD)
- Status: announced
- Products: geotechnical monitoring solutions, inclinometers, piezometers, ShapeArray inclinometers, InSAR monitoring, vibration monitors, GPS/GNSS monitoring
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Vance Street Capital](https://endata.com/companies/9950.md) (partner)
- [Orica Limited](https://endata.com/companies/28933.md) (acquirer)
- [Terra Group Corporation](https://endata.com/companies/53705.md) (target)
- [Terra Insights](https://endata.com/companies/74513.md) (target)

## Sources

- [im-mining.com](https://im-mining.com/2023/12/19/orica-enhances-digital-solutions-business-again-with-acquisition-of-terra/), 2023-12-19: "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."
- [australianmanufacturing.com.au](https://www.australianmanufacturing.com.au/orica-fortifies-digital-footprint-with-landmark-cad-505m-terra-acquisition/), 2023-12-20: "I am delighted to announce the acquisition of Terra today, a business that Orica has had a long-standing commercial relationship with for almost ten years."
- [globalminingreview.com](https://www.globalminingreview.com/mining/20122023/orica-announces-terra-insights-acquisition/), 2023-12-20: "Orica has entered into a binding sale and purchase agreement with Vance Street Capital LLC to acquire 100% of Terra Insights for CAN$505 million"

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