MICROMINE has acquired Precision Mining for its mine scheduling software, Spry, allowing the Australian companies to join forces in offering the world an end-to-end mining software solution.
In its 35th year, MICROMINE has expanded its reach to 2000 sites in 90 countries, and the addition of Precision Mining and Spry will look to cover the mining cycle from exploration to production.
MICROMINE chief executive officer Andrew Birch said Spry would complement the company’s existing offering.
“Precision Mining really stood out, not just for the quality of its software but also for the team’s experience and reputation as consultants in mine scheduling and haulage,” he said.
“We are now expanding our reach and depth of expertise in a market we know well. This is a very synergistic addition to our business and an important part of our growth strategy.”
After a global search for the perfect partner, finding the company in Australia was a welcome convenience for MICROMINE.
“We looked worldwide for a company that was best in class and had the potential to scale globally. Finding an Australian company like Precision that is building innovative technology solutions suitable for the global mining market made the acquisition really attractive,” Birch said.
Precision Mining founder Glen Barnes said the deal was well-timed, as the company was poised to move its product globally.
“Joining MICROMINE will give us the experience, resources and global distribution network that are critical and together we will grow the business,” Barnes said.
“The company has been growing quickly since 2007, and we reached the point where we need the expertise and support of a global business like MICROMINE to take it to the next level.”
MICROMINE’s software suite now includes products such as Geobank, Pitram, Spry and its flagship Micromine.