Downer sells Snowden to Datamine

16/07/2020 - 16:00

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Snowden has become the latest Perth-founded mining service to change ownership after being purchased by Datamine, a subsidiary of Canadian company Vela Software.

Downer sells Snowden to Datamine
Snowden assists resources companies in evaluating new mines. Photo: Snowden (LinkedIn)

Snowden has become the latest Perth-founded mining service to change ownership after being purchased by Datamine, a subsidiary of Canadian company Vela Software.

The Downer subsidiary, which assists resources companies in evaluating new mines, was founded by former Zimbabweans Phil Snowden and Viv Snowden in 1987.

Snowden grew into an international mining consultancy, which employed 200 people worldwide when the founders sold the business in 2004 to NSW-based Downer for $14.8 million.

Mr and Mrs Snowden had then transitioned to the wine industry, promoting their Denmark label Singlefile Wines.

Snowden global manager Tarrant Elkington said he was pleased the Snowden brand would continue.

“This acquisition markets the next step on our growth journey,” he said.

“The software expertise and global footprint of Datamine offers tremendous opportunities for the growth of our business to improve the experience for our clients.”

He said the company would now be able to offer in-country support to its clients in South America, post-acquisition.

“This is a great day for our business, and our people, and we look forward to exploring the synergies that Datamine offer,” Mr Elkington said.

Datamine general manager John Bailey said the Snowden business aligned with the company’s existing offering to the mining industry.

Snowden has a strong, expert brand with a wealth of experience, and has developed industry-leading productions that complement Datamine’s software portfolio,” he said.

Vendor Downer had also recently considered selling its mining services division; however, the company suspended the possible sale in March, citing COVID-induced market volatility.

Its shares closed down 0.9 per cent to trade at $4.21.

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