COFFEY International has bought local geo-technical consulting company Soil & Rock Engineering for $4.2 million.
Soil & Rock Engineering managing director Chris Lane has welcomed the acquisition.
“Our staff are enthusiastic and welcome the opportunities that will arise from combining our resources and expertise with those of a respected competitor,” Mr Lane said.
“We look forward to becoming a part of Coffey International, a high-quality organisation.”
The move is expected to increase Coffey International’s profit growth by 15 per cent, and add 20 per cent growth to its consulting division.
Soil & Rock Engineering has been a market leader in the mining and resources sector since its formation in 1977.
According to Coffey International managing director Roger Olds, Soil & Rock Engineering will have the second largest turnover of all of its consulting offices.
“This acquisition is a further step in Coffey’s long-term growth strategy of increasing its share of specialist markets, through a range of leading brand subsidiaries,” Mr Olds said.
“We believe that the combined capabilities of Soil & Rock and Coffey in Perth will provide an excellent platform for further growth in WA.”
The acquisition took place on October 1 and Soil & Rock Engineering is set to colocate before year’s end.
