Pala Investments Holding, a mining- focused Swiss investment company, has acquired Canadian mine engineering firm Dumas Contracting.
Pala, which holds over US$1.2 billion worth of assets under management, will work towards expanding Dumas services on a world-wide scale.
“Pala’s commitment to the long-term future of Dumas will allow us to provide our customers an expanded offering, both in service range and geography, while maintaining the highest level of quality,” said Daniel Dumas, president and CEO of Dumas, in a statement.
As part of the acquisition, Dumas will remain CEO and president of the company.
Headquartered in Timmins, Ont., Dumas Contracting employs more than 1,000 people.
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