Novo Tellus says it has completed the acquisition of Russell Mineral Equipment (RME) following a buyout involving RCF and NRFC. The investment firm, which focuses on industrial and technology companies, frames RME as a global provider of mill relining systems. Across the outlets, the announcement is presented as a “closing” of the deal, indicating the transaction has reached its final stage. The reports do not detail financial terms in the provided text, nor do they specify operational changes. Instead, they emphasize the partnership among Novo Tellus, RCF, and NRFC and the completion of the investment in RME. The releases are dated July 21, 2026 and originate from a Singapore dateline for the PR Newswire posting, while The Hindu and Business Line reproduce the same headline and core announcement. No sources included here describe regulatory approvals, future strategy, or management transitions. Overall, the common point is that Novo Tellus finalizes its investment in RME together with RCF and NRFC, with RME continuing to be characterized as a leader in mill relining systems.