Aquirian’s business was founded in 2017 with the incorporation of TBS Mining Solutions. TBS Mining Solutions provides consumable products, blasting products and equipment to the mining sector. In 2018, TBS Workforce was established. TBS Workforce provides labour hire services to the mining industry.
Subsequently, Aquirian has made 2 strategic bolt-on acquisitions to strengthen, diversify and further grow its operations. In 2019, it acquired Modular Training, and in 2020, it acquired the Maglok Australia business. Modular Training provides specialised shotfiring training services to the mining industry and Maglok Australia provides explosive storage products to the mining, defence and law enforcement industries.
Aquirian operates a multi-disciplined integrated business model primarily focused on the mining industry. The Aquirian Group comprises 2 key divisions, as follows:
- Mining Services Division:
- TBS Mining Solutions
- Maglok Australia
- People Services Division:
- TBS Workforce
- Modular Training
Each division accounts for approximately half of the total revenue of the Aquirian Group. The acquisitions of Maglok Australia and Modular Training are relatively recent. Accordingly, these businesses are still in their infancy as part of the Aquirian Group.
It is anticipated that AQN will list on the ASX during July 2021.