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IBM buys Australia's Oniqua

International Business Machines Corp. acquired Australia's Oniqua Holdings Pty. Ltd. for an undisclosed amount.

The deal is expected to expand IBM's asset optimization practice, helping its clients reduce and improve maintenance repair and operations inventories and predict when critical parts and equipment might fail, the buyer said in a statement.

Oniqua provides asset performance management solutions for the mining, oil and gas, utilities, and transportation industries.