Solar Industries India will acquire 100% of South African chemicals company Omnia Holdings for Rs 12,951 crore, or $1.355 billion, in cash, creating a larger international platform for commercial explosives, blasting systems and mining solutions.
The Nagpur-headquartered company announced the transaction in an exchange filing cited by Economic Times. Solar Industries said it will acquire Omnia’s issued shares, excluding treasury shares, at ZAR 134.5 per share. The transaction remains subject to applicable regulatory, statutory and competition approvals, along with other customary conditions.
Completion is expected in early to mid-2027, subject to competition approvals in the relevant jurisdictions. Once the acquisition is completed, Omnia is expected to be delisted from the Johannesburg Stock Exchange and A2X Markets securities exchange.
The deal centres on Omnia’s mining business, BME, which provides blasting systems, explosives, mining chemicals and metallurgical processing solutions to commercial mining and quarrying industries. Solar Industries said the acquisition would help create a global platform for commercial explosives and blasting solutions, expand its geographical footprint, strengthen technological capabilities and diversify its operations.
Omnia is headquartered in Johannesburg and was incorporated in 1953. The company has a physical presence in 23 countries and serves customers in more than 40 countries through over 70 distribution centres. Its operations span chemicals and mining-related activities, giving Solar Industries access to an established international distribution and customer network.
Omnia reported revenue of $1.41 billion for the financial year ended March 31, 2026, compared with $1.25 billion in fiscal 2025 and $1.18 billion in fiscal 2024. The company employs more than 3,500 people.
The acquisition will extend Solar Industries’ role from an Indian explosives manufacturer into a broader international supplier for mining and quarrying operations. Commercial explosives and blasting solutions are industrial inputs used in the extraction of minerals and in projects requiring controlled rock excavation, including parts of the infrastructure and construction supply chain.
The transaction’s implementation will depend on approvals across the jurisdictions involved. The next formal milestones are the completion of regulatory and competition reviews, followed by the proposed completion of the acquisition and Omnia’s delisting from the two South African securities exchanges.
