Ausdrill, a diversified mining services company, has signed a non-binding heads of agreement to acquire Best Tractor Parts Group (BTP), for an undisclosed sum.

The transaction is subject to a closing conditions including due diligence, negotiation and execution of binding agreements and arrangement of financing by Ausdrill.

BTP is a supplier of reconditioned/ refurbished earthmoving parts; rental of heavy earthmoving equipment and specialized mining support vehicles and sales of earthmoving equipment.