TECHNOLOGY

Orica buys GroundProbe tech firm

Orica will acquire GP Holdco (GroundProbe) from Crescent Capital Partners for A$205 million (US$157 million)

Staff reporter
Orica buys GroundProbe tech firm

PRESS RELEASE: GroundProbe provides critical monitoring and measurement technologies for the mining sector. Its radar and laser-based monitoring systems, combined with advanced processing and analytic software, provide mining customers with geotechnical slope stability monitoring for improved mine productivity and safety.

Orica stated that GroundProbe's technologies are well aligned with its strategy and customer base and will create direct synergies with existing and planned customer solutions, including Blast IQ and Nitro Consult. 

Orica CEO Alberto Calderon commented: "The integration of GroundProbe's market-leading technologies will further consolidate our position as the industry leader in digitally enabled blasting solutions to the mining industry, and strengthen our existing presence in the large and high growth mining and civil monitoring markets. 

"We believe the potential for data-driven improvement in the drill and blast component of the mining value chain is significant. By integrating GroundProbe's capabilities alongside Blast IQ and Nitro Consult, we are able to expand the digital solutions we can offer to help customers improve safety, productivity and environmental outcomes." 

The transaction is anticipated to be completed in the March quarter of 2018.

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