Incitec Announces Completion of Titanobel Acquisition
Further to the announcement on 10 January 2022, Incitec Pivot Limited (ASX:IPL), owner of Dyno Nobel, today announced that it had completed the purchase of the Titanobel Group (Titanobel) through the acquisition of 100% of the shares in Explinvest. Titanobel is a leading industrial explosives manufacturer and drilling, blasting and technical services provider based in France.
Incitec Pivot Limited’s Managing Director and CEO, Jeanne Johns said: “We’re delighted to welcome the Titanobel Group, and the team, into the Dyno Nobel network and we look forward to building on the strengths and expertise of both of our businesses. Dyno Nobel and Titanobel will continue to provide a market-leading suite of products and services to existing customers in new EMEA (Europe, Middle East, and Africa) geographies.
“This is an important milestone in the execution of our strategy to extend our brand and world-leading technologies into the EMEA region. The EMEA market is significant in size and characterised by low ammonium nitrate requirements, stable or growing mineral markets, and large initiating systems usage with low penetration of electronic detonators.”
For more information:
Investors Geoff McMurray General Manager Investor Relations Tel: +61 3 8695 4553 Mobile: +61 418 312 773 firstname.lastname@example.org
Media Matthew Flugge Group Vice President Corporate Affairs Tel: +61 3 8695 4617 Mobile: +61 409 705 176 email@example.com
For more information, please contact us via details on our profile.