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Press Release - MINING.COM

Press Release - MINING.COM
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Wajax to acquire Tundra Process Solutions in $99M deal | Canadian Mining Journal

Wajax to acquire Tundra Process Solutions in $99M deal
January 6, 2021
Topics
Wajax has entered into a definitive agreement to acquire Calgary-based
Tundra Process Solutions for total consideration of $99.1 million. The consideration will consist of $74.6 million in cash and the issue of 1.4 million Wajax shares. The transaction is expected to close early in the first quarter of 2021 and is subject to customary closing conditions.
Tundra provides maintenance and technical services to customers in the western Canadian midstream oil and gas, oilsands, petrochemical, mining, forestry and municipal sectors. The company also distributes a range of industrial process equipment, representing industry-leading manufacturers of valves and actuators, instrumentation and controls, motors and drives, control buildings, boilers and water treatment solutions. Tundra operates four facilities in Alberta: Calgary, Edmonton (two locations) and Grande ....

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Wajax Acquires Tundra Process Solutions

Wajax's addition of Alberta-based distributor for C$99.1 million (US$77.7 million) is expected to “provide meaningful growth in the corporation’s Engineered Repair Services and industrial parts categories.” ....

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