The acquisition of Bulteck not only strengthens Minova's presence in the European market, but also supports its segment growth plans globally. The addition of Bulteck's brand and products into its portfolio, enables its teams to offer a wider range of innovative ground support solutions for its customers in the underground hard rock and infrastructure sectors.
Bulteck is the first acquisition Minova has made since the business was acquired by the AURELIUS Group in 2022. Minova is actively evaluating several similar add-on opportunities globally, in support of its ongoing expansion into the hard rock mining and infrastructure segments.
Ryan Kerr, Minova's president and CEO, said: "We are extremely pleased to welcome the Bulteck team into Minova. This strategic acquisition is a natural fit for Minova, supporting our ambitious segment growth and product portfolio expansion plans."
Bulteck's managing director, Luis Castano, added: "The Bulteck team are very excited to be joining the Minova Group of companies increasing our access to Minova's global infrastructure and customer base that will enable Bulteck to grow within such an important group. The acquisition of Bulteck by Minova is the correct decision for our business."
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