Axis, which is a specialist in the design, development and manufacture of geospatial tools and instruments for the mining industry, represents a highly strategic acquisition and valuable addition to Orica's Digital Solutions platform, positioning it to become the industry's first integrated, end-to-end, mine to mill solutions provider.

Axis' existing management team will enter into new employment agreements with Orica and are committed to ensuring the successful integration of the business.

Orica managing director and CEO Sanjeev Gandhi said: "We are extremely pleased to welcome Axis into Orica. This strategic acquisition further strengthens our existing Digital Solutions vertical and expands our Orebody Intelligence portfolio upstream.

"Orica's purpose is to sustainably mobilise the earth's resources and achieving this starts with a better understanding of the orebody at the start of the mining value chain. I believe that Axis' differentiated geospatial tools and instruments, combined with our existing suite of digital solutions will provide compelling orebody intelligence to customers and support the delivery of the industry's first end-to-end solutions platform, from mine to mill.

"The integration of Axis' technology and expertise will accelerate our ability to support our customer's digital transformation efforts around the world, helping them to operate more efficiently, sustainably and safely."