Odyssey Private Equity Pty Ltd is pleased to announce that Odyssey Fund 8, LP (“Odyssey”) and the senior management team have agreed to sell 100% of the shares of MST Global (“MST”) held by Odyssey to Komatsu Ltd (“Komatsu”).
Over the past four years, MST has become one of the leaders in the digital technology used in the underground mining sector and helps customers build digital ecosystems with real-time insights. This growth has been driven by Odyssey’s strategy of partnering and supporting a strong management team and investing heavily in the business’ product suite and technology roadmap.
Haydn Roberts, CEO of MST, said “We have had a rewarding four-year partnership with Odyssey. They supported us to execute on our growth initiatives and provided a valuable sounding board for all our key strategic and operational decisions.
We now look to the future and are very excited by our relationship with Komatsu. We have a shared vision with Komatsu to build leading digital systems, software and applications to further advance the safety and productivity of underground mining.”
Gareth Banks, Director of Odyssey and Chairman of MST, said “Our successful investment in MST has been a perfect example of Odyssey’s investment strategy to partner with great management and help them to deliver their growth strategy. We are particularly pleased that Komatsu has acquired MST. MST will contribute to Komatsu’s digital strategy to accelerate their growth in the advanced technology solutions required in the mining sector.”
Please see the communication release from Komatsu:https://www.komatsu.jp/en/newsroom/2022/20220615
Please see the communication release from MST: https://mstglobal.com/mst-global-set-to-join-komatsu-family-of-companies/
