METS

Snowden sale to Constellation unit confirmed

Downer Group mining software and consulting business Snowden has been acquired by Toronto-listed Constellation Software's Datamine unit.

Staff reporter
Snowden sale to Constellation unit confirmed

Terms of the deal, flagged a month ago, were not disclosed.

Datamine will keep the Snowden name, established through its mining technical consulting activities more than 30 years ago, though it will focus on building Snowden's multi-product mining software business.

A Snowden spokesman told Mining Journal the focus going forward would be on growing "all parts of the business".

 

Datamine executive general manager John Bailey said the Snowden business aligned closely with its existing offering.

"Snowden has a strong, expert brand with a wealth of experience, and has developed industry-leading products that complement Datamine's software portfolio," he said.

Datamine is wholly owned by Vela Software, part of Constellation Software (TSX: CSU).

Downer is still trying to sell its large mining contract services business after an earlier potential transaction with Perenti Global was suspended due to uncertain market conditions.

Also on the sale block is the niche, market-leading Otraco mining asset management business.

 

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.

editions

Mining Journal Intelligence Global Leadership Report 2023: Social licence

Gain insights into social licence trends and best practices from interviews with 20+ top mining company executives and an industrywide survey.