8 Acquisitions of Companies in the Mining Industry

January 15, 2023
Acquisitions Hub

Company acquisitions in the Mining industry always make headlines! Especially since related startups and technology companies have become very popular with private equity firms, strategic buyers and even family offices.

In this blog post, we are taking a closer look at 8 acquisitions that took place in the Mining industry.

Intrepid Geophysics acquired by SensOre

Details about the transaction:

Acquisition amount:

$3,397,000

Announcement:

5 July 2022

Details about the company:

Since 1992, Intrepid Geophysics has offered software and services for conceivable field geophysics applications.

Headquarter:

Brighton, Victoria, Australia

Where to find them:

Industry:

Information Technology, Mining, Software

Details about the buyer:

Global minerals are the focus of SensOre. It provides solutions to enhance business linkages, inquiries, and data analysis in the geosciences.

Headquarter:

Melbourne, Victoria, Australia

Where to find them:

Motion Metrics acquired by The Weir Group

Details about the transaction:

Acquisition amount:

$89,000,000

Announcement:

5 November 2021

Details about the company:

Artificial intelligence is used by Canadian mining technology business Motion Metrics to increase energy and safety in mines.

Headquarter:

Vancouver, British Columbia, Canada

Where to find them:

Industry:

Artificial Intelligence, Mining, Mining Technology, Natural Resources

Details about the buyer:

One of the top engineering companies in the world is called The Weir Group.

Headquarter:

Glasgow, Glasgow City, United Kingdom

Where to find them:

Beide Petroleum acquired by Panzhihua Bingyang Technology

Details about the transaction:

Acquisition amount:

$2,225,787

Announcement:

1 December 2022

Details about the company:

Acid fracturing additives are made by the research and development company Beide Petroleum.

Headquarter:

Qianhai, Shandong, China

Where to find them:

Industry:

Manufacturing, Mining, Oil and Gas

Details about the buyer:

Panzhihua Bingyang Technology develops, manufactures, and sells goods for the ceramsite proppant series.

Headquarter:

Panzhihua, Sichuan, China

Where to find them:

Solcius acquired by Sunworks

Details about the transaction:

Acquisition amount:

$51,800,000

Announcement:

9 April 2021

Details about the company:

Design and Installation of Residential Solar

Headquarter:

Provo, Utah, United States

Where to find them:

Industry:

Building Material, Energy, Mining, Real Estate, Renewable Energy, Solar, Web Design

Details about the buyer:

In order to enhance the conversion of sunshine into power, Sunworks creates a three-dimensional solar cell technology.

Headquarter:

Santa Barbara, California, United States

Where to find them:

Carriere Industrial Supply acquired by The Weir Group

Details about the transaction:

Acquisition amount:

$26,046,856

Announcement:

11 April 2022

Details about the company:

Manufacturers of industrial machinery and worn components include Carriere Industrial Supply.

Headquarter:

Lively, Ontario, Canada

Where to find them:

Industry:

Industrial, Manufacturing, Mining, Sales

Details about the buyer:

One of the top engineering companies in the world is called The Weir Group.

Headquarter:

Glasgow, Glasgow City, United Kingdom

Where to find them:

Southern Traffic Services acquired by Rekor Systems Inc

Details about the transaction:

Acquisition amount:

$14,500,000

Announcement:

16 May 2022

Details about the company:

Engineering services, data collecting, and traffic monitoring solutions are the areas of expertise of Southern Traffic Services.

Headquarter:

Gulf Breeze, Florida, United States

Where to find them:

Industry:

Data Integration, Data Mining, Data Storage

Details about the buyer:

Rekor is driven to deliver more accurate, real-time traffic intelligence to help people make better decisions.

Headquarter:

Columbia, Maryland, United States

Where to find them:

Signal Peak Silica of Monahans acquired by ProFrac Services

Details about the transaction:

Acquisition amount:

$90,000,000

Announcement:

25 July 2022

Details about the company:

Facilities for frac sand are run by Monahans-based Signal Peak Silica.

Headquarter:

Monahans, Texas, United States

Where to find them:

Industry:

Mining

Details about the buyer:

A manufacturing and distribution firm called ProFrac Services creates unique hydraulic machinery for the fracturing sector.

Headquarter:

Cisco, Texas, United States

Where to find them:

Supahands acquired by Omnilytics

Details about the transaction:

Acquisition amount:

$20,000,000

Announcement:

24 August 2021

Details about the company:

Supahands uses patented technologies and a crowdsourced workforce to offer training data for machine learning and artificial intelligence.

Headquarter:

Kuala Lumpur, Kuala Lumpur, Malaysia

Where to find them:

Industry:

Artificial Intelligence, Computer Vision, Crowdsourcing, Data Mining, Enterprise Software, Image Recognition, Machine Learning, Software

Details about the buyer:

By providing merchants with comprehensive and useful information that drive decision-making, Omnilytics puts them ahead of the competition.

Headquarter:

Singapore, Central Region, Singapore

Where to find them: