By PwC
PwC South Africa supported Solar SA Investments (Pty) Ltd, an indirect subsidiary of Solar Industries India Limited (Solar Group), with financial and tax due diligence services on its R21.8 billion ($1.3 billion) offer to acquire Omnia Holdings Limited (Omnia).
Due to the size and strategic impact, this is a significant transaction for both Solar Group and Omnia. The deal significantly expands the Solar Group’s global footprint, particularly across Africa.
The proposed cross-border acquisition will bring together the Solar Group’s international platform and capabilities with Omnia’s established position across mining, agriculture and chemicals. This will reposition the group as a leader in commercial explosives and blasting.