MONTREAL — Quebec-based independent engineering firm Norda Stelo signed an agreement to acquire InnovExplo, a company known for its expertise in geology and mining engineering.
The new alliance marks a significant step in Norda Stelo’s strategy to forge a new vanguard in the mining industry, delivering an integrated suite of services across the entire value chain of critical, strategic and precious metals, as well as industrial minerals, essential to the energy transition, states a release.
The acquisition aligns with Norda Stelo’s vision to become the Canadian leader in smart operations from site to port, diversifying its mining and metals expertise, including gold and strategic minerals.
A progressive integration of InnovExplo’s operations and workforce into Norda Stelo is planned throughout 2024.
The strategy ensures the preservation of InnovExplo’s existing leadership team.
“Given the essential role of the mining sector in the global economy, the imperative for innovation, environmental stewardship, and social governance has never been greater,” declared Alex Brisson, CEO of Norda Stelo, in a statement. “By integrating InnovExplo’s specialized geological and mining engineering knowledge with our robust impact engineering model, we significantly enhance our capacity to navigate the complex ESG landscape our clients face. Together, we’re focused on nurturing our legacy of innovation and leadership, aiming for impactful growth in our future projects.”
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