Private Australian software group Micromine is beginning the process to acquire fellow Aussie tech company Precision Mining, and with it will gain ownership of the latter’s flagship product, its Spry mine scheduling software.

Financial details were not made available.

Micromine said the takeover expands the width and depth of a vital segment of its portfolio, as Spry covers the exploration to production control phases of the mining cycle.

“Precision Mining really stood out, not just for the quality of its software but also for the team’s experience and reputation as consultants in mine scheduling and haulage,” Micromine CEO Andrew Birch said.

“We looked worldwide for a company that was best in class and had the potential to scale globally. Finding an Australian company like Precision that is building innovative technology solutions suitable for the global mining market made the acquisition really attractive.”