South African engineering company DRA has announced it will acquire Australian mining services company, Minnovo Global, for an undisclosed sum.
The move represents an expansion into Asia-Pacific region for DRA as part of its attempt at international growth.
Minnovo is an engineering services provider based out of Perth that is noted for mineral project collaborations with a series of high-profile mining companies.
The purchase of Minnovo is hoped to add breadth to DRA’s expertise across a range of minerals, according to DRA chief executive officer Wray Carvelas. Details are expected to be finalised by the end of the first quarter of 2018.
“[The acquisition] will enhance the group’s overall strength in the design and construction of processing facilities across a wide range of minerals including ferrous metals, precious metals, base metals and industrial metals, along with associated infrastructure requirements,” he explained.
“We are excited about combining the Minnovo and DRA capabilities in APAC and we are delighted to be joining the DRA team of 3300 dedicated people across the globe,” said Minnovo managing director Greg McRostie.