Tega Industries Completes Acquisition of Molycop Group for USD 394M
Tega Industries Limited has completed the acquisition of the Molycop group for a total consideration of USD 394.3 million for its stake. The transaction was finalized on June 1, 2026. This acquisition positions Tega as a leading global supplier of grinding media to the mining industry.
The acquisition is substantial in scale and strategic importance, significantly expanding Tega Industries' global footprint and product portfolio in the mining sector.
The acquisition of Molycop is a significant strategic move that is expected to enhance Tega Industries' market position and product offerings in the global mining industry.
Tega Industries Limited announced the completion of its acquisition of the Molycop group, a global supplier of grinding media to the mining industry. The transaction, which was subject to customary conditions precedent including regulatory and anti-trust approvals, has been finalized as of June 1, 2026.
Under the terms of the acquisition, Tega MC Investment Pte. Ltd. (a wholly owned subsidiary of Tega Industries) acquired approximately 84.2% of the ordinary shares in Tega MC JV Holdings Pte. Ltd. (SG Company) for a consideration of USD 394,295,423. Apollo Funds, through AP Jupiter Holdco (SG) Pte. Ltd., acquired the remaining 15.8% of the SG Company for USD 74,107,477. Additionally, Apollo HoldCo invested USD 270,000,000 in redeemable preference shares of Tega MC SG Investments I Pte. Ltd., a subsidiary of the SG Company.
The acquisition, based on an enterprise valuation of approximately USD 1.5 billion, positions Tega Industries as a leading global designer and manufacturer of critical consumables for the mining, mineral processing, and material handling industries. Molycop, with its established track record, premium brand, and global supply network, is expected to significantly enhance Tega's product portfolio and market reach. The combined entity aims to offer a comprehensive suite of products and solutions across the mining value chain, including crushing, grinding, concentrating, and refining.
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Tega Industries Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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