Automotive and aerospace equipment developer Orbital Corporation's majority owned mine site safety product Remsafe has secured a $2 million order from a major Western Australian iron ore mining company.
As counter-intuitive as it may seem, listed automotive and aerospace equipment developer Orbital Corporation has made the first major move in its diversification strategy by buying a mine site safety product spun-out of a resources-focused electrical and engineering contractor.
Engine technology developer Orbital Corporation has moved to acquire half of electrical product manufacturer REMSAFE from co-founder Nick Bertucci for $5 million.
