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Wyloo Metals Completes Acquisition Of Noront Resources; Eagle’S Nest To Set New Global Benchmark In Sustainable Mining

Apr 07, 2022•over 3 years ago

Acquiring Company

Wyloo Metals

Acquired Company

Noront Resources

SoftwareEducation

Description

Wyloo Metals Pty Ltd (“Wyloo Metals”) has successfully completed its acquisition of Noront Resources Ltd. (“Noront”) (TSXV:NOT), committing to transform the Eagle’s Nest nickel deposit into the new global standard for responsible mining practices.

Company Information

Company

Wyloo Metals

About

Wyloo Metals is the metals and mining subsidiary of Tattarang, one of Australia’s largest private investment groups. Led by a multidisciplinary team of geologists, engineers and financial professionals, Wyloo Metals manages a diverse portfolio of exploration and development projects and cornerstone interests in a number of public companies. Wyloo Metals works closely with all stakeholders to accelerate projects through the development cycle while meeting the highest international environmental, social and governance standards. See more at: www.wyloometals.com

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed