{"id":45400,"date":"2026-09-14T08:15:24","date_gmt":"2026-09-14T06:15:24","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=45400"},"modified":"2026-10-12T12:45:07","modified_gmt":"2026-10-12T10:45:07","slug":"indias-solar-industries-to-buy-sas-omnia-for-1-36-bln","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/indias-solar-industries-to-buy-sas-omnia-for-1-36-bln\/","title":{"rendered":"India&#8217;s Solar Industries to buy SA&#8217;s Omnia for $1.36 bln"},"content":{"rendered":"<p class=\"x_MsoNormal\" aria-hidden=\"true\" data-olk-copy-source=\"MessageBody\">India&#8217;s Solar Industries said on Monday its unit will \u200bacquire South Africa&#8217;s (SA) Omnia Holdings in an \u200call-cash deal worth about $1.36 billion, as the explosives and ammunition maker looks to expand its global \u200bmining business.<\/p>\n<div>\n<p class=\"x_MsoNormal\">Solar SA Investments, an indirect wholly owned \u200bsubsidiary of Solar Industries, will acquire all \u2060outstanding shares of Johannesburg, Gauteng Province, listed Omnia, subject \u200bto regulatory and Omnia shareholder approvals, the company \u200bsaid in a statement.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">The deal comes as African countries step up efforts to boost output and draw investment \u200binto critical minerals. Copper-rich Zambia is targeting a \u200bnear-tripling of production as metal prices climb.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">Solar expects the expanded \u200cfootprint \u2060to lift Africa&#8217;s mining revenue multiple fold from fiscal 2028.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">Western India-based Solar Industries manufactures industrial explosives and initiating systems for the mining, \u200binfrastructure, construction, defence \u200band space \u2060sectors, and operates more than 40 manufacturing facilities globally.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">Omnia, which provides \u200bproducts and services to the mining \u200band \u2060agriculture sectors, operates in 23 countries and serves customers in more than 40 countries. It \u2060reported \u200brevenue of about $1.41 billion \u200bfor the year ended March 31.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">&#8211;Reuters&#8211;<\/p>\n<\/div>\n","protected":false},"featured_media":45401,"template":"","meta":{"_acf_changed":false,"_members_access_role":[],"_members_access_error":"","_links_to":"","_links_to_target":""},"news-type":[44],"class_list":["post-45400","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":"","news_description":"South Africa's Omnia Holdings","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/45400","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/45400\/revisions"}],"predecessor-version":[{"id":45402,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/45400\/revisions\/45402"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/45401"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=45400"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=45400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}