K2fly to acquire Decipher’s mining solutions business
Highlights:
• K2fly to acquire the business assets associated with ‘Decipher for Mining’ (Decipher)from CSBP Limited (CSBP) and Wesfarmers Chemicals, Energy & Fertilisers Limited(WesCEF).
• All scrip consideration comprising 11,366,691 ordinary K2fly shares valued atAUD$3.7 million plus up to 5,345,633 performance shares, both subject to voluntaryescrow periods.
• Wesfarmers subsidiary CSBP will become K2fly’s largest shareholder with 10.13%holding.
• Decipher provides cloud-based software-as-a-service (SaaS) monitoring andcompliance solutions for mining industry customers.
• Decipher CEO Anthony Walker will be joining K2fly in a senior executive positionalong with the core of the Decipher team.
• Decipher will bring additional depth to K2fly’s growing solution suite in tailings andrehabilitation and extends K2fly's technical assurance and governance footprintinside existing global customer
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- Ann: K2fly to acquire Deciphers mining solutions business
Ann: K2fly to acquire Deciphers mining solutions business, page-5
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