MANAGEMENT

IPD gets EX

ELECTRICAL industry servicer IPD Group has bought family-owned electrical hazardous area equipment supplier and repairer EX Engineering for $10.2 million in a cash and scrip deal.

An EX Engineering worker in the company's IECEx-certified workshop.

An EX Engineering worker in the company's IECEx-certified workshop.

The purchase price is made up of $9.2 million cash and $1 million in IPD shares. The hazardous area or "Ex" equipment EX Engineering supplies is used by the mining, oil and gas, manufacturing and agricultural...

Start a free trial to continue reading this article

Already have an account?

Subscribe now

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production

editions

Mining Magazine Intelligence Automation Report 2023

An in-depth review of operations using autonomous solutions in every region and sector, including analysis of the factors driving investment decisions