Corporate News Details

Solar Industries to acquire Omnia Holdings for roughly US$1.355 billion, pending approvals

(14-Sep-26   13:02)

Solar Industries India Limited announced that its wholly-owned step-down subsidiary, Solar SA Investments Proprietary Limited, and Solar Overseas Mauritius Limited have entered into a definitive agreement to acquire 100% of the issued ordinary shares of Omnia Holdings Limited ("Omnia") for a cash consideration of ZAR 134.5 per share, totaling approximately US$1.355 billion. The acquisition, which is not considered a related party transaction, is expected to be completed in early to mid-2027, subject to regulatory approvals, and will create a global platform for commercial explosives and blasting solutions, expanding Solar Industries’ international presence and technological capabilities. Omnia, headquartered in Johannesburg, South Africa, reported a revenue of US$1.41 billion for the financial year ended March 31, 2026, and is listed on the Johannesburg Stock Exchange and A2X Markets, where it will be delisted upon completion of the acquisition.