Master Drilling acquires 40% of AVA Solutions

Master Drilling has acquired a 40% stake in AVA Solutions which is a digital fleet management platform that tracks trucks that operate in the mining sector. AVA Solutions takes the complexity out of real-time data processing, providing stakeholders with a cloud-based platform that is intuitive, interactive, and accessible from any device. The company was established in 2015 by Anton Fourie and Jason van der Watt who have longstanding experience in the mining sector.

Master Drilling is a global drilling technology solutions driven company focused on delivering a fully mechanised range of services to the mining, infrastructure and energy sectors. Its industry leading raise boring machines are used to create circular vertical or horizontal excavation between two existing levels or tunnels in underground mines. Master Drilling has been in operation since 1986 and is listed on the Johannesburg Stock Exchange with a current market capitalization of R1.2-billion. The amount paid for the 40% stake in AVA Solutions was not disclosed.

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