Solar Industries is set to buy South Africa’s Omnia Holdings in an all-cash deal valued at about $1.36 billion, according to reporting by Business Line. The purchase is structured through Solar SA Investments and is intended to expand the company’s mining explosives operations across Africa starting from FY28.
Bloomberg reports the agreement at 21.8 billion rand (about $1.4 billion). Bloomberg adds that the acquisition combines Omnia’s industrial explosives and fertilizer businesses, with Solar Industries seeking to grow its presence in Africa’s mining and agriculture sectors. The two reports align on the deal’s core purpose—scaling explosives and related capabilities—while differing slightly on the reported dollar figure and emphasis, with one focusing on the FY28 timing and broader Africa explosives scaling, and the other highlighting the rand value and broader mining-and-agriculture rationale.
