Solar Industries to acquire South Africa's Omnia Holdings for USD 1.355 bn
SOLARINDS · price
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Solar Industries India, via its step-down subsidiary, has signed a definitive agreement to acquire 100% of South African chemicals company Omnia Holdings for about USD 1.355 billion in cash (ZAR 134.5 per share). Omnia, listed on JSE and A2X, reported FY26 revenue of USD 1.41 billion across mining, agriculture and chemicals in 40+ countries. The deal creates a global platform for commercial explosives. Completion expected early to mid 2027; Omnia will be delisted post completion.
Large cash acquisition expands Solar Industries global footprint into mining chemicals and explosives. Completion subject to regulatory approvals expected by mid 2027.