Omnia Holdings, a specialised services and solutions provider for agriculture, mining and chemical applications, has formed a strategic partnership with and acquired a minority stake in Hypex Bio Explosives, a company which was formed to take ownership of the hydrogen peroxide (HP) explosives technology
The ‘ground-breaking’ emulsion using HP offers substantially enhanced environmental benefits compared to conventional products and was a key factor in catching the eye of Omnia.
The collaboration between the two entities will enhance the ongoing development and commercial rollout of Hypex’ HP emulsion technology and will provide Omnia with access to start-of-the-art technology for it and its subsidiaries such as BME.
Seelan Gobalsamy, CEO of Omnia, remarked, “Hypex is a good strategic fit for BME and aligns with Omnia’s sustainability and high-growth objectives, including pollution and CO2 reduction. Hypex has developed the first non-nitrate explosive emulsions in the market and reduced the carbon content by 90% over traditional sources. This technology has the potential to completely change the explosives supply industry.”
Ralf Hennecke, managing director of BME, commented, “As one of the largest explosives and blasting solutions suppliers on the African continent, BME is pursuing a globalisation strategy which is optimally aligned to the sustainable, nitrate-free emulsion technology offered by Hypex.”
Thomas Gustavsson, CEO of Hypex, added, “We are thrilled to announce the partnership with Omnia, and I am very happy to have not only an ideal investor on board but also a company whose culture is well aligned with ours. I foresee significant synergies and accelerated accomplishments as a direct result. The team and I are grateful for the hard work done by both sides to accomplish this deal.”
