Orbit Garant Drilling has acquired 100% of Captagua Ingeniería S.A., enhancing its operational capacity in the Chilean mining sector.
Target Information
Captagua Ingeniería S.A. is a prominent service provider of surface drilling, specializing in diamond drilling, reverse circulation, and rotary percussion techniques, catering to the mining and exploration industries in Chile. The company also possesses extensive expertise in water well drilling, including specialized piping and pumping equipment, as well as operational maintenance of wells.
The firm was acquired by Orbit Garant Drilling, a leading Canadian drilling company, in a transaction that involved the issuance of 1,824,900 shares of its stock, representing 5.2% ownership, to the former shareholders of Captagua.
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Industry Overview in Chile
Chile is known for being one of the largest producers of copper globally, which positions its mining industry as a critical component of the country’s economy. The mining sector has seen steady growth due to increasing dema
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