M&A Deal Summary

GeologicAI Acquires Resource Modeling Solutions

On February 13, 2024, GeologicAI acquired software company Resource Modeling Solutions

Acquisition Highlights
  • This is GeologicAI’s 1st transaction in the Software sector.
  • This is GeologicAI’s 1st transaction in Canada.
  • This is GeologicAI’s 1st transaction in Alberta.

M&A Deal Summary
Date 2024-02-13
Target Resource Modeling Solutions
Sector Software
Buyer(s) GeologicAI
Deal Type Add-on Acquisition

Target

Resource Modeling Solutions

Calgary, Alberta, Canada
Resource Modeling Solutions provides modern mining, environmental, and petroleum companies manage uncertainty and understand geological variability to make the best decisions possible. Resource Modeling Solutions was founded in 2018 and is based in Calgary, Alberta.

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Buyer(S) 1

Buyer

GeologicAI

Calgary, Alberta, Canada
Category Company
Founded 2013
Sector Information Technology
DESCRIPTION

GeologicAI provides resource exploration by developing AI-driven core scanning robots and software. The technology generates extensive geological dataset in the industry, significantly improving workflows from exploration to extraction. GeologicAI was founded in 2013 and is based in Calgary, Alberta.

DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2024) 1 of 1
Mergr

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