M&As this week: Epiroc, Metso, Tahoe Resources

11 January 2019 (Last Updated January 10th, 2019 10:44)

Epiroc has completed the acquisition of Fordia, a Canada-based manufacturer of equipment and accessories for the mining and geotechnical sectors.

Epiroc has completed the acquisition of Fordia, a Canada-based manufacturer of equipment and accessories for the mining and geotechnical sectors.

Fordia will become a part of Epiroc’s Rock Drilling Tools division.

Based in Sweden, Epiroc is an industrial company focused on manufacturing mining and infrastructure equipment.

Metso has entered an agreement to acquire HighService Corporation’s service business, HighService Service.

The acquisition is expected to be closed by the first half of this year, subject to regulatory approval by the Chilean authorities.

Metso is a Finland-based provider of technology and services for mining and oil and gas companies, while HighService is a Chilean mining technology and service supplier.

“Pan American will acquire all the issued and outstanding shares of Tahoe, under the terms of the acquisition.”

Tahoe Resources has announced that its shareholders have voted in favour of the acquisition by Pan American.

Pan American will acquire all the issued and outstanding shares of Tahoe, under the terms of the acquisition.

Subject to the approval of Mexican Federal Economic Competition Commission, the acquisition is expected to be completed by end of February.

Tahoe is a US-based mining company focused on the exploration of gold and silver, while Pan America is a Canadian mining company engaged in the exploration and development of precious metals.

Ascot Resources has signed a definitive agreement to acquire IDM Mining.

Each shareholder of IDM will receive 0.0675 of a common share of Ascot for each share of IDM, under the terms of the agreement.

IDM shareholders will hold approximately 16.7% of Ascot shares, upon completion of the transaction.

The transaction will establish a leading gold development and exploration company, as well as generate significant synergies.

The acquisition is subject to the approvals of Court of British Columbia and votes of IDM shareholders.

Ascot is a mining company engaged in gold and silver exploration, while IDM is a leading gold development and exploration company.

Both the companies involved in the transaction are based in Canada.