Calgary, Alberta – Badger Daylighting Ltd. (the “Company” or “Badger”) today announced that it has completed the October 17, 2013 announcement of the acquisition of the business and operating assets of Fieldtek Holdings Ltd. for an aggregate purchase price of approximately $19.2 million in cash financed using Badger’s existing extendable revolving credit facility.
Badger is North America’s largest provider of non-destructive excavating services. Badger traditionally works for contractors and facility owners in the utility and petroleum industries. The Company’s key technology is the Badger Hydrovac, which is used primarily for safe digging in congested grounds and challenging conditions. The Badger Hydrovac uses a pressurized water stream to liquefy the soil cover, which is then removed with a powerful vacuum system and deposited into a storage tank. Badger manufactures its truck-mounted hydrovac units.
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For more information regarding this Press Release,please contact:
President and CEO
1000, 635 – 8th Avenue SW
Calgary, Alberta T2P 3M3
Vice President Finance and CFO
Phone (403) 264-8500
Fax (403) 228-9773