Pybar Jumbo Drller-minThe Thiess Group confirmed that Thiess Pty. Ltd. signed a share purchase agreement with Metarock Group Ltd. to acquire Australian-based underground metal mining contractor Pybar Holdings Ltd. and its subsidiary Pybar Mining Services Pty. Ltd.

“This acquisition is an ongoing part of Thiess’ strategy to diversify our commodities and the services we offer our clients,” said Thiess Group Executive Chair and CEO Michael Wright. “We are committed to developing a global mining portfolio, with a strong focus on the metals and minerals critical to the global energy transition and the Pybar acquisition is key to this. Pybar’s specialist skills will expand the Thiess service offering and open a pipeline of opportunities in underground metals and minerals across Australia and globally.

Thiess said it would retain the Pybar brand and will work with the leadership team to support their current clients and grow Pybar’s strong brand within and beyond its current markets.