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DRA acquires Australian firm

Privately owned South African engineering services group DRA has agreed to acquire Australia’s Minnovo Global for an undisclosed sum, with the transaction expected to be completed this quarter.
DRA acquires Australian firm DRA acquires Australian firm DRA acquires Australian firm DRA acquires Australian firm DRA acquires Australian firm

Staff reporter

DRA said the acquisition was a major milestone in its international growth strategy and would grow its footprint in the Australian market and add further depth to its metallurgical, engineering, procurement, project management, construction and commissioning capabilities in the region.

"The acquisition of Minnovo will add key resources and experience to DRA's Australian capabilities and 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 minerals, along with the associated infrastructure requirements," DRA CEO Wray Carvelas said.

Minnovo managing director Greg McRostie said the company was excited to join the DRA team.

DRA has 3,300 staff across 20 global offices.

 

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