Mining software developer Deswik has acquired a minority stake in its Brazilian reseller partner MCB Services and Minerals.
MCB’s stake acquisition would enable Deswik to mark its footprint in the country and allows it to offer enhanced technical support to its local clients.
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MCB has been acting as Deswik’s exclusive reseller partner since 2012 in Brazil. The company sells mining software and services to local clients, such as Nexa, Vale, Anglo Gold Ashanti, Yamana and Kinross.
Deswik managing director Matt Chilcott said: “MCB is a like-minded company with an approach to servicing the mining industry that’s very similar to our own.
“Our culture and values are extremely compatible. That’s why we’ve worked together so successfully for such a long time.”
Under the terms of the acquisition, MCB will be rebranded as Deswik Brazil.
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By GlobalDataChilcott further added: “Brazil is a large and mature market and we think we’ve only just scratched the surface in terms of demand.”
Deswik partner manager Patrick Doig said that the strong partnership with MCB is due to ‘like-minded management and long-term vision’.
In addition to operating 11 offices across Australia, North and South America, Canada, Africa and Europe, the technology firm works with a group of technology, reseller and certified partners.
Sales across South America accounted for 27% of Deswik’s turnover last year.
