Underground mining survey and sensing manufacturer
Photos: LINK Business Brokers
About the business
A specialist manufacturer of underground mining survey and sensing technology in New South Wales. Its hardware is deployed in active production across tier-one underground mining operations in Australia and internationally. The Australian company was founded in 2014, and was originally founded in Canada in 2006. It has 2 FTEs and 4 specialist contractors. The founder is approaching transition, with a structured handover envisaged. It holds a patent-pending portfolio (AU, CA) covering proprietary downhole sensing methods. It has a multi-year partnership with an established Asia-Pacific distributor, supplementing direct international sales. It is offered for acquisition by Expressions of Interest. The broker reports that a US application is allowed and progressing to grant, and that the IP position is defensible in a niche where only two credible players operate.