RPMGlobal has announced it has completed its acquisition of MinVu.
With the deal, MinVu’s entire suite of products specialising in Mining Performance Management and Production Information will now form part of RPM’s software business.
Atrico assisted MinVu Pty Ltd in its trade sale to ASX-listed RPMGlobal Ltd. MinVu is a mining software company specialising in Mining Performance Management and Production Information. The completion of the acquisition was announced on 1 February 2018.
MinVu Executive Director Mike Taylor said: “Many thanks to Atrico for both for your professionalism and persistence, especially Kheong’s firm guidance. Your drive and deal experience helped ensure we find the right partner and get an excellent outcome. I happily recommend other entrepreneurs pick up the phone to Atrico. I believe, like us, they will value your industry expertise, financial skills, and hands-on support through the entire transaction process.”
With this acquisition of MinVu, RPM continues to demonstrate its determination to deliver a complete Commercial Off-the-Shelf Enterprise platform for the mining industry. This platform, built on open industry standards, delivers a significant step change in optimising the mining value chain through innovation and technology. A key focus of RPM has been to provide our customers with real time plan vs actual reporting and the MinVu products have unique capabilities that add real value in this area.
Commenting on closure of the acquisition, RPM’s CEO and Managing Director, Richard Mathews said: “We are pleased to have finalised the acquisition of MinVu and officially welcome the MinVu employees into the RPM team. We look forward to accelerating the integration of our joint development teams so as to deliver the most advanced single vendor fully automated Short Interval Control System in the industry. This solution will assist our customers in their drive to reduce their cost of mining through the monitoring of live data feeds originating from their operational systems and tracking performance of their equipment in real-time.”
MinVu co-founder and director Mike Taylor said: “It has been very pleasing to see the overwhelmingly positive feedback from MinVu’s customers and staff to the acquisition announced in December 2017. Jack and I, together with the rest of the MinVu team, look forward to working with Richard and his team to bring together our complementary software offerings for the benefit of our customers.’
With MinVu becoming part of RPM, mining companies globally will significantly benefit now and into the future.