Solar Industries to acquire South Africa's Omnia Holdings in 1.35B dollar all-cash deal
SOLARINDS · price
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Solar Industries' step-down subsidiary will acquire South African mining and agritech firm Omnia Holdings (BME brand) in an all-cash deal of about 1.35 billion dollars. No equity dilution planned, funded via Omnia's balance sheet plus debt. By FY28, combined revenue targeted at INR31,000-32,000 crores and EBITDA at INR6,800-7,000 crores. Debt-to-EBITDA expected below 2 times. Manufacturing presence to expand from 11 to 25 countries and distribution from about 90 to over 100 countries. Africa mining revenue projected to grow from 300 million dollars to 900 million-1 billion dollars.
Transformative acquisition adds scale in Africa mining explosives. Funded by debt, no equity dilution. Synergies expected from FY28. Near-term leverage may rise but long-term growth strong.