Major Drilling Acquires South American Specialist

Major Drilling (TSE:MDI) has released an update.

Major Drilling Group International Inc. has acquired Explomin Perforaciones, a leading South American specialty drilling contractor, for up to US$85 million. This acquisition enhances Major Drilling’s presence in the copper market and solidifies its position as the world’s largest mineral driller. The deal is expected to be immediately accretive, with Explomin’s established operations and strong client base providing significant growth opportunities.

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