STRACON Group, majority owned by Ashmore Group plc (LSE: ASHM), has acquired Chilean engineering and technology company OMT SpA to enhance its digital technology capabilities and expand its presence in the Chilean mining sector. OMT specializes in implementing communication technologies for the mining sector and will help support the digital transformation of mines as part of STRACON Technologies digital solutions group. The acquisition marks STRACON’s second technology acquisition following the purchase of Deep Pit Technology in Peru in 2022, and is in line with the Group’s strategy to be a global leader in mining technology. STRACON Group delivers innovative solutions and technologies to mining companies operating in North, Central, and South America, and its services cover every stage of a mine’s lifecycle. The forward-looking statements contained in the news release involve known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those anticipated.
STRACON Group Expands its Digital Technology Capabilities with OMT SpA Acquisition
STRACON Group, a mining services provider focused on North and South America and majority owned by Ashmore Group plc, has acquired Chilean engineering and technology company OMT SpA, specialized in implementing communication technologies for the mining sector. This marks STRACON’s second technology acquisition, following the purchase of Deep Pit Technology in Peru in 2022.
The Acquisition will strengthen STRACON’s digital technology capabilities and expand its presence in Chile, in line with its strategy to be a global leader in mining technology. STRACON Technologies offers a wide range of digital and artificial intelligence solutions, cybersecurity, hybrid infrastructure and energy technology to enhance its role as a leading partner and service provider to mining companies.
OMT, which is based in Santiago, has over 15 years of experience working with mining companies in Chile, with 80 employees and a comprehensive offering of communication and networking solutions, operational continuity, and professional engineering services. OMT integrates best-in-class technologies to deliver customized solutions for each project. As the only authorized implementation partner in Chile for leading technology vendors such as Airbus DS – Sepura, OMT has secured critical licenses and permits required to operate in the country.
Steve Dixon, CEO of STRACON Group, stated that the power of digital technology to transform the mining sector is recognized, and the addition of OMT significantly advances their capabilities in this area. The Acquisition is the latest development in the Group’s ongoing drive to enhance its position as mining innovation leaders, following the launch of STRACON Technologies and the purchase of Deep Pit.
The effective implementation of digital technology can enable mines to achieve improved efficiency, safety, and sustainability throughout their construction phase and operational life. Terms of the Acquisition were not disclosed.
STRACON Group Acquires OMT SpA to Enhance its Mining Solutions in Chile
STRACON Group has acquired Chilean engineering and technology company OMT SpA, a move that enhances the Group’s digital technology capabilities and expands its presence in Chile. OMT, a specialist in implementing communication technologies for the mining sector, will help support the digital transformation of mines as part of STRACON Technologies digital solutions group.
Patricio Veloso, General Manager of OMT, commented that the company is pleased to join STRACON Group, a well-known leader in the mining community of Latin America, and that their shared vision for the use of modern technology to improve the safety and efficiency of mining operations aligns fully with their own. The acquisition marks STRACON’s second technology acquisition, following the purchase of Deep Pit Technology in Peru in 2022, and is in line with the Group’s strategy to be a global leader in mining technology.
STRACON Group delivers innovative solutions and technologies to mining companies operating in North, Central, and South America, and serves as a bridge between its mining clients and local communities to support the responsible production of minerals that are critical to the global supply chain and energy transition. With its extensive portfolio of specialty solutions for underground and open pit mines, STRACON can enhance the value and sustainability of any mine. STRACON’s services cover every stage of a mine’s lifecycle from prefeasibility to planning, design, workforce training, asset management, equipment rental, infrastructure development, mine construction, process plant installation, operations, and finally remediation and restoration.
STRACON Group’s operating companies include STRACON, Dumas, STRACON Technologies, and AMECO South America. STRACON Group is majority owned by Ashmore Group plc (LSE: ASHM). The terms of the Acquisition were not disclosed.
This announcement does not constitute an offer to sell nor a solicitation to buy securities in any jurisdiction. Certain statements contained in this news release constitute forward-looking information and statements (collectively, “forward-looking statements”).
Cautionary Statement on Forward-Looking Statements
The forward-looking statements contained in this news release involve known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those anticipated. While STRACON Group recognizes the power of digital technology to transform the mining sector and enhance the safety and efficiency of mining operations, no assurance can be given that these expectations will prove to be correct, and such forward-looking statements should not be unduly relied upon.
STRACON Group does not undertake any obligations to publicly update or revise any forward-looking statements except as required by law. Actual results could differ materially from those anticipated as a result of numerous risks, assumptions, and uncertainties, including general economic, market, and business conditions; the impact of the COVID-19 pandemic and the Russia-Ukraine conflict; STRACON’s ability to execute its business strategies and complete projects; competitive action by other companies; actions by governmental authorities, political groups, and other regulators; changes and developments in environmental and other regulations, and other factors, many of which are beyond the control of STRACON.
This cautionary statement is expressly qualified by the forward-looking statements contained in this news release. For additional information, please visit the STRACON website at www.stracon.com.
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