NRW excited by METS growth despite COVID-19 impact

NRW

Image: NRW

NRW Holdings is excited by its METS capabilities going forward as the company makes its move into lithium and hydrogen energy sectors.

Announcing their full year 2021 results, NRW revealed its ambitions to continue diversifying its services – highlighted by the company’s acquisitions in the past financial year.

NRW recently acquired BGC Contracting, DIAB Engineering and Primero, three companies with strong footholds in their respective industries.

NRW managing director and chief executive officer Jules Pemberton said he is excited by what the future holds.

“The focus of the business over the last few years has been to add capability, broaden the regions in which we operate and diversify our service offering,” he said.

“The acquisition of Primero, which we completed early this year, builds on our recent acquisitions of DIAB Engineering and RCRMT, and represents a further diversification of our strategic platform to offer clients continuity of services from early planning, design, development, construction to operations and maintenance.”

Acquiring Primero has unlocked a new opportunity for NRW as the company continues to widen their gaze.

“… The group now has the capability to participate meaningfully across the new energy sectors of hydrogen and lithium through Primero’s existing capability but also in the renewables sector where our clients are seeking solutions to reduce reliance on hydrocarbons-based energy sources,” Pemberton said.

NRW’s METS expansion not only diversifies the company but further solidifies them financially.

“Our MET business also gives the group a build-own-operate, design and processing capability so we are now truly able to participate through the entire life cycle of resources projects,” Pemberton said.

NRW Holdings enjoyed a 11.5 per cent revenue increase to June 30, 2021, despite being met with pandemic-related resource shortages and labour cost pressures across their operations.

Pemberton believes COVID-19 has galvanised the group.

“The COVID-19 pandemic has had a significant impact on the business throughout the financial year,” he said.

“The most important outcome however is that our workforce has been able to continue to get to work and deliver some outstanding projects for our clients whilst working safely and within a range of restrictions related to the pandemic.”

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