06/07/2018 - 12:29

DRA expands with G&S buy

06/07/2018 - 12:29

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South African firm DRA has expanded its Australian presence with the purchase of G&S Engineering Services from diversified infrastructure company Calibre Group.

G&S Engineering is involved in the construction industry. Photo: Attila Csaszar

South African firm DRA has expanded its Australian presence with the purchase of G&S Engineering Services from diversified infrastructure company Calibre Group.

G&S, which has offices in Perth, Brisbane and Mackay, provides maintenance and asset management services.

The sale is dependent on a number of conditions and is expected to be complete later this month.

DRA was advised by Azure Capital with legal advice being provided by K&L Gates.

DRA Asia-Pacific managing director Greg McRostie said the deal provides the company with an expanded footprint in Australia.

“The acquisition of G&S Engineering is very much in line with our growth strategy,” he said.

“We have been working closely with them for over a year now and I am delighted they will be joining the DRA group.”

“Australia is a key market for DRA and this acquisition gives us a well-established maintenance and optimisation platform as well as a greater presence in the region, while broadening the scope of services we can offer our clients.

“The management team at G&S has a strong track record and relationships with a number of Australian resources companies, and we look forward to working with them and the broader G&S team as we grow our business.”

In 2014, DRA announced a partnership with Perth mine planning consultancy Oreogy, one week after buying collapsed Forge Group’s North American asset, Taggart Global.

In 2015, the engineering company set up a joint venture with BGC Contracting to provide a suite of services, including engineering, procurement, construction, operations and maintenance.

DRA purchased Perth-based engineering company Minnovo in January this year. 

 

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