OTOC acquires infrastructure surveying firm

Resources infrastructure firm OTOC has acquired specialist surveying firm Geo-Metric to expand in Australia's east coast.

It acquired the firm for $12 million.

According to OTOC, it acquired the firm in order to expand its infrastructure capabilities, and diversify itself from its current major focus on the mining, and oil and gas space.

The acquisition also provides it new geographic markets in NSW and QLD.

Commenting on the buy-out, OTOC head Simon Thomas said "the acquisition of Geo-metric is another key step in our national surveying strategy following our recent purchase of Bosco Johnson".

"This acquisition will enable OTOC to offer a specialist infrastructure and engineering surveying product capability throughout the national network and gain direct exposure to the substantial infrastructure investment underway in NSW, QLD, and Victoria.

"Geo-Metric's infrastructure surveying expertise and geographic exposure is extremely complementary to our land and urban development focus in WA and Victoria," he added.

"Following the acquisition OTOC's surveying, aerial surveying and planning business will have over 280 employees with offices in WA, Victoria, NSW, and QLD," OTOC said in a company statement.

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