Sale to Hexagon AB

Technology & Services
Sale to Hexagon AB

Summary

Baird served as exclusive financial advisor to BMT 3 Holdings Pty Ltd on this transaction

About

BMT 3 Holdings Pty Ltd (“Blast Movement Technologies” or “BMT”), a portfolio company of RCF Jolimont Management Pty Ltd (“RCF Jolimont”), was recently acquired by Hexagon AB (“Hexagon”) (NASDAQ Stockholm: HEXA B). Terms of the transaction have not been disclosed.

Blast Movement Technologies is the global leader in blast movement monitoring technology. BMT’s patented system is used by mining operations worldwide to accurately locate ore and waste zones after blasting, allowing accurate separation of ore from waste in the mining process. The end result for customers is more profit from each blast. BMT is headquartered in Brisbane, Australia.

RCF Jolimont invests in high growth mining equipment, technology and services (METS) companies, assisting these companies to be globally successful. RCF Jolimont is part of Resource Capital Funds, a Private Equity group established in 1998 with a mining sector specific investment mandate spanning all mineral commodities and geographic regions. Since inception, RCF has supported 187 mining companies, with projects located in 51 countries and across 32 commodities. RCF Jolimont is headquartered in Melbourne, Australia

Hexagon is a global leader in sensor, software and autonomous solutions. Hexagon puts data to work to boost efficiency, productivity, and quality across industrial, manufacturing, infrastructure, safety, and mobility applications. The Company’s technologies are shaping urban and production ecosystems to become increasingly connected and autonomous – ensuring a scalable, sustainable future. Hexagon’s Mining division solves surface and underground mine challenges with proven technologies for planning, operations and safety. Hexagon is headquartered in Stockholm, Sweden.
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Technology & Services
Sale to Hexagon AB
Date
January 2020
Company
BMT 3 Holdings Pty Ltd
Transaction
M&A
Sectors
Technology & Services
Target Location
Other
Acquiror Location
Europe

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