The acquisition, which is anticipated to be concluded in July, is expected to be funded through a combination of its existing cash resources and new equity finance.
“This acquisition will bring together two of the leading companies in the global mining software industry with highly complementary products, markets, distribution channels and world-class employee groups,” Gemcom president Rick Moignard said. “Together, we will be able to offer our customers even more comprehensive solutions, while expanding our presence in fast-growing market segments.
Surpac Minex chairman Tim Moore said: “By uniting Surpac Minex and Gemcom under one umbrella, users will benefit from more compelling products and services. [The merger] will take the new Gemcom to a clear leadership position globally in the delivery of mining software and production management solutions.”
The deal is subject to due diligence by Gemcom, negotiation of a definitive acquisition agreement, completion of the necessary financing, regulatory approvals, approval by the Gemcom and Surpac Minex boards, approval (if required) by Gemcom shareholders, approval by Surpac Minex shareholders and other customary conditions.
Just prior to the takeover announcement, Gemcom released its latest piece of visually enhanced mine data management software kit, GEMS 6.
GEMS 6 is a component of Gemcom’s mine production management solutions, which help mining companies plan, monitor and improve their operations to drive mining productivity, reduce risks and increase profitability.
“By using the graphics capabilities available in GEMS 6, mining companies can improve the accuracy of geological and resource models because the system enables such models to be examined from more vantage points in a shorter period of time,” Gemcom spokesman Ram Sudama said.
Gemcom was established in 1985, and currently provides technical mining applications, professional services, training, and support to a customer base comprising more than 1000 sites in over 90 countries.
Australia’s Mining Monthly
