Gemcom acquisition gains approval

THE world's largest global supplier of specialised mining productivity solutions, Gemcom Software, has signed a definitive agreement to be bought out in a deal worth approximately $C180 million.
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Gemcom's Minex 5.2.

Christine Feary

Gemcom will be acquired by private equity firms JMI Equity and Carlyle Group in an all-cash transaction that will see shareholders receive $2.90 per share.

The deal has been approved by Gemcom’s board of directors, who unanimously recommended that shareholders vote in favour of the transaction.

Gemcom offers its mining software and service solutions in more than 90 countries, with global reach and local presence in all major mining centres.

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