- Global testing, inspection and certification business ALS (ALQ) has acquired MinAnalytical Laboratory Services Australia for $39 million
- Established in 2010, MinAnalytical has geochemistry testing business operations in WA and is expected to generate around $18 million of revenue for the 2021 calendar year
- In addition to its fire assay testing capability, the company utilises Chrysos PhotonAssay technology, currently operating three units with an additional two scheduled for 2022
- ALS says the technology compliments its existing geochemistry capability and offers the opportunity to further expand its mine site testing
- ALS shares rounded off the day of trading 1.22 per cent lower at $12.91
Global testing, inspection and certification business ALS (ALQ) has acquired MinAnalytical Laboratory Services Australia for $39 million.
Established in 2010, MinAnalytical has geochemistry testing business operations in Perth and Kalgoorlie and is expected to generate around $18 million in revenue for the 2021 calendar year.
In addition to its fire assay testing capability, the company utilises Chrysos PhotonAssay technology, currently operating three units with an additional two scheduled for 2022.
The company said the technology complements its existing geochemistry capability and offers the opportunity to further expand its mine site testing.
The acquisition will initially increase ALS’ Western Australian operations by 40 per cent however, opportunities to increase this further will come from utilising unused capacity within MinAnalytical and leveraging ALS’ existing sample preparation network.
This is in addition to the 15 per cent increase in capacity across the global geochemistry network, which is expected to be complete by the end of FY22.
ALS chief executive officer and managing director, Raj Naran, says the acquisition further expands the company’s capacity and technological service offering.
“It supports our strategy to grow mine site testing which delivers more stable sample volume throughout the commodities cycle,” he said.
ALS shares rounded off the day of trading 1.22 per cent lower at $12.91.