Veracio acquired Minalyze, which makes technology for core logging. (Photo: Veracio)

Veracio agreed to acquire scanning technology supplier Minalyze for $29.3 million. Minalyze makes scanner and cloud-based software for digitizing drilling samples. Veracio offers a range of solutions to improve, automate, and digitally transform processes in exploration, resource definition and production.

Veracio said the combination of Veracio’s solutions and Minalyze’s technology will transform the way the industry captures, analyzes, and interprets geological information. “We see this as a ‘better together’ opportunity, leveraging our collective expertise to push boundaries and create a product portfolio that goes beyond anything previously available for the mining and exploration industry,” said CEO JT Clark.