Solar Industries to Acquire South Africa’s Omnia for Rs 12,951 Crore in Biggest Global Expansion Push
The cash deal will expand Solar Industries’ global explosives business and could lead to Omnia’s delisting after regulatory approvals.
- Solar Industries India Ltd plans to acquire South African chemicals company Omnia Holdings Ltd for $1.355 billion in cash, purchasing 100% of the issued shares to build a global commercial explosives platform.
- The Nagpur-headquartered company aims to build a global commercial explosives and blasting solutions platform, expanding its international footprint, enhancing technological capabilities, and diversifying operations through the Omnia acquisition.
- Omnia employs more than 3,500 people and reported revenue of $1.41 billion for the most recent financial year, up from $1.25 billion in FY25 and $1.18 billion in FY24, with its BME segment providing blasting systems and explosives.
- Upon completion of the transaction, Omnia is expected to be delisted from the Johannesburg Stock Exchange and A2X Markets, ending its status as a publicly traded entity.
- The acquisition is expected to close in early to mid-2027, subject to customary conditions precedent and competition approvals in relevant jurisdictions.
13 Articles
13 Articles
India's Solar Industries to acquire South Africa's Omnia Holdings
India’s Solar Industries said its unit will acquire South Africa’s Omnia Holdings in an all-cash deal worth about US$1.36 billion, as the explosives and ammunition maker looks to expand its global mining business. Solar SA Investments, an indirect wholly-owned subsidiary of Solar Industries, will acquire all outstanding shares of Johannesburg-listed Omnia, subject to regulatory and …
India's Solar Industries to buy South Africa's Omnia for $1.36 billion
India's Solar Industries said on Monday its unit will acquire South Africa's Omnia Holdings in an all-cash deal worth about $1.36 billion, as the explosives and ammunition maker looks to expand its global mining business.
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Solar Industries to Acquire South Africa’s Omnia in $1.36 Billion Mining Deal
India’s Solar Industries plans to acquire South Africa’s Omnia Holdings for about $1.36 billion in cash, expanding its mining operations and international presence as African ... The post Solar Industries to Acquire South Africa’s Omnia in $1.36 Billion Mining Deal first appeared on [your]NEWS.
The Economic Times
Times of IndiaSolar Industries to acquire South Africa’s Omnia for Rs 12,951 crore in biggest global expansion push
Solar Industries India will acquire 100% of South African chemicals company Omnia Holdings for $1.355 billion in cash, marking a major international expansion for the explosives maker. The deal will strengthen its commercial explosives and blasting solutions platform, expand its geographical footprint and enhance technological capabilities, subject to regulatory approvals.
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