Archive · 15 Sep 2026
Solar Industries to Acquire South Africa’s Omnia for $1.36 Billion
Solar Industries is an Indian company that makes explosives and related systems for mining and other industries.
It plans to buy Omnia Holdings, a company based in South Africa.
The deal is worth about $1.36 billion and would be paid entirely in cash.
Solar will make the purchase through its subsidiary, Solar SA Investments.
The deal still needs approval from regulators and Omnia’s shareholders.
Omnia works in mining and agriculture across 23 countries.
Its mining business includes explosives, electronic detonators and digital blasting services.
Solar says the purchase will make its mining business much larger in Africa and other countries.
The deal is expected to be completed in early to mid-2027 if the required approvals are received.
Solar Industries will acquire all outstanding shares of South Africa’s Omnia Holdings for about $1.355 billion in cash.
The purchase will be made through Solar SA Investments and requires regulatory clearances and Omnia shareholder approval.
The transaction is expected to close in early to mid-2027, after which Omnia would be delisted from the Johannesburg Stock Exchange and A2X Markets.
Omnia operates mining and agriculture businesses in 23 countries, serves customers in more than 40 countries and reported about $1.41 billion in revenue.
Solar expects the deal to expand its African mining platform and drive multi-fold growth in Africa-related mining revenue from fiscal 2028.
- Who
- Solar Industries and its subsidiary Solar SA Investments plan to acquire Omnia Holdings.
- What
- An all-cash purchase of all outstanding Omnia shares valued at approximately $1.355 billion to $1.36 billion.
- When
- The acquisition was announced on Monday and is expected to close in early to mid-2027, subject to approvals.
- Where
- Omnia is based in South Africa, while Solar Industries is based in western India; the deal affects mining operations across Africa and other international markets.
- Why
- Solar wants to expand its global explosives and blasting-solutions business, strengthen its African mining presence and increase mining-related revenue.
- Deal value
- Approximately $1.355 billion, or about $1.36 billion
- Buyer
- Solar SA Investments Proprietary, an indirect wholly owned subsidiary of Solar Industries
- Target
- Johannesburg-listed South African company Omnia Holdings
- Payment
- All-cash transaction
- Required approvals
- Regulatory clearances, including competition approvals in relevant jurisdictions, and Omnia shareholder approval
- Expected completion
- Early to mid-2027, according to the reported transaction timeline
- Omnia footprint
- Operations in 23 countries, customers in more than 40 countries and more than 70 distribution centres
- Omnia revenue
- Approximately $1.41 billion for the financial year ended March 31; one report identifies this as FY26
