Gold Fields acquires Canadian gold miner Osisko Mining in $1.57 billion deal
Aug 23, 2024•over 1 year ago
Acquiring Company
Gold Fields
Acquired Company
Osisko Mining
Description
South African gold miner Gold Fields has acquired Canada’s Osisko Mining in an all-cash deal worth $1.57 billion, gaining full control over the development of one of Canada’s largest gold deposits, Windfall. This strategic acquisition reinforces Gold Fields’ position as one of the world’s leading gold miners and expands its presence in the Canadian mining sector.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed