# Thiess Group to acquire underground mining specialist PYBAR

Thiess Pty Ltd has signed a Share Purchase Agreement with Metarock Group Ltd to acquire Australian-based underground metals business PYBAR Holdings Limited and its subsidiary Pybar Mining Services Pty Ltd.

- Type: Acquisition
- Announced: 2024-03-17
- Where: Australia
- Status: announced
- Products: underground mining services
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Thiess](https://endata.com/companies/15208.md) (acquirer)
- [Pybar](https://endata.com/companies/29006.md) (target)
- [Metarock](https://endata.com/companies/66189.md) (target)

## Sources

- [hochtief.com](https://www.hochtief.com/news-media/press-releases/press-release/underground-metals-specialist-pybar-to-join-thiess-group), 2024-03-17: "This acquisition is an ongoing part of Thiess’ strategy to diversify our commodities and the services we offer our clients."
- [im-mining.com](https://im-mining.com/2024/04/22/michael-wright-on-thiess-sustainable-mining-mission/), 2024-04-22: "The acquisition of PYBAR further accelerates our strategy to diversify our commodities portfolio and bring a increasingly greater focus on metals and minerals."

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