Explosives and mine technology group Orica (ASX: ORI) has announced that its 2017 purchase of the GroundProbe business has exceeded expectations with the new division considered a growth engine for the company.
GroundProbe, which makes laser and radar monitoring and measurement systems, cost Orica $205 million to buy but has exceeded the company’s original business case forecasts.
Earnings are 70 per cent higher than predicted with an additional 23 contracts won around the world through Orica sales channels.
Full story here: https://www.aumanufacturing.com.au/groundprobe-emerges-as-growth-engine-for-orica
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$19.21 |
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