AURELIUS acquires Minova
AURELIUS Equity Opportunities has agreed to acquire Minova, from Orica PLC, as part of its diversification strategy.
With many years of investment and management experience in various industries and sectors, AURELIUS employs its management capacities and the necessary financial resources to invest in product innovation, sales, and research to develop the potential of its subsidiaries.
The Minova business will benefit from its new ownership with more focus and capital to support exciting plans, sustaining our position in the coal sector and continued growth in our hard rock and infrastructure sectors.
"The sale of Minova is consistent with our refreshed strategy, which identified Minova as non-core to Orica. This allows us to focus on our four key business verticals of growth - mining; quarry and construction; digital; and mining chemicals. The Minova business will benefit from new ownership with more focus and capital to support its growth.” - Managing Director and CEO Sanjeev Gandhi (BE Chemical, MBA)
AURELIUS will actively support Minova’s ongoing innovation across its product portfolio and its core markets of soft rock, hard rock, and infrastructure in the coming years.
"I am pleased to welcome Minova as the fourth fund investment in our portfolio, a really exciting opportunity for AURELIUS to expand a global market leader in an attractive niche. The transaction proves again that our experience in corporate spin-offs is highly appreciated by corporate sellers all over the world," said Dr. Dirk Markus, Founding Partner of AURELIUS.
“With an excellent and highly motivated management in place and the operational and capital backing of AURELIUS we have the perfect team to drive the transition towards hard rock markets and unlock the potential of the business on a global level,” said Florian Muth, Partner of AURELIUS.
You can read more about the acquisition on the Aurelius website - click here to be redirected.