Tega Industries to Acquire Molycop for USD 1,480 Million in Cash

Tega Industries Limited, a leading designer and manufacturer of consumables for the mining, mineral processing and material handling industries, has announced its intention to acquire Molycop, a leading global supplier of grinding media to the mining industry. The acquisition, valued at approximately USD 1,480 million, will be in the form of cash. The transaction is expected to close by 31st December, 2025, subject to customary conditions precedent, including regulatory approvals. The acquisition will enable Tega to offer a complete basket of products and solutions to the mining industry, strengthen its relationship with customers, and provide access to a variety of complementary patented products and enhanced in-house R&D capabilities.