Boart Longyear expands in Canada and Mexico with latest acquisition

first_imgBoart Longyear has acquired Britton Brothers Diamond Drilling, a highly successful provider of uranium and minerals exploration drilling services located in Canada and Mexico. The acquisition enables Boart Longyear to expand both its mineral and energy footprints. Paul Brunner, CEO of Boart Longyear, said the acquisition, which is EPS positive, is an excellent complement to Boart Longyear’s expanding North and Latin American footprints, enabling new presences in both Mexico and British Columbia. “This acquisition enables Boart Longyear to create a stronger presence in these regions and will add in excess of $30 million revenue to the group,” Brunner said. Britton Brothers Diamond Drilling, with a total of 30 drill rigs, is an industry leader in surface and underground mineral drilling, with an experienced team providing efficient, reliable and high quality service to its mining customer base. Brunner said that there is potential for Boart Longyear to expand the business further in Canada and Mexico and neighbouring countries through leveraging Boart Longyear’s global infrastructure and resources. “We are still currently reviewing other acquisition opportunities which also support our strategic objectives”, he said.last_img