- DRA has signed a conditional Sale and Purchase Agreement for the acquisition of Queensland based G&S Engineering from Calibre Group
- G&S significantly expands DRA’s footprint and project execution capabilities in Australia and provides access to a workforce numbering circa 1000
Global engineering, project delivery and operations management group, the DRA Group (“DRA”), is pleased to announce that it has entered into an agreement for the acquisition of G&S Engineering Services Pty Ltd (“G&S” or “G&S Engineering”). The sale and purchase is conditional on a number of normal course conditions precedent and, subject to satisfaction of those conditions, is expected to complete in late July 2018. This acquisition continues DRA’s rapid expansion in the Asia Pacific region.
The acquisition provides DRA with a significantly expanded footprint in Australia, specifically on the East Coast where G&S Engineering has an extensive presence. It will also significantly extend DRA’s procurement, project management, construction, commissioning and operations and maintenance capabilities in Australia, opening up new long-term opportunities, and providing increased scale to DRA’s Australian operations.
Greg McRostie, Managing Director of DRA for Asia-Pacific, commented: “The acquisition of G&S Engineering is very much in line with our growth strategy. 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.”
Background on G&S Engineering
G&S Engineering has extensive experience encompassing the entire project lifecycle from construction, through maintenance and optimisation to final decommissioning and deconstruction of a project. Its core services include:
- Maintenance and asset management services, providing maintenance, shutdown, optimisation and sustaining capital solutions for new and existing surface and underground fixed and mobile plant; and
- Construction, delivering both greenfield and brownfield capital projects for clients’ operational assets and infrastructure
G&S has offices in MacKay, Brisbane and Perth and employs approximately 1000 people across its three main divisions.
DRA is advised by Azure Capital Limited with legal advice being provided by K&L Gates.
DRA is a highly successful and credible diversified global engineering, project delivery and operations management group, with an impressive +30-year track record. Known for its collaborative approach and extensive experience in project origination and delivery, as well as turnkey operations and maintenance services, DRA delivers optimal solutions that are tailored to meet clients’ needs.
With expertise in the areas of project development, mining, mineral processing, plant optimisation and operations and related water, energy, and infrastructure requirements, DRA delivers truly comprehensive solutions to the resources sector. DRA employs over 3000 people and offers flexible engineering & operations management services worldwide through 12 offices.
Senior Vice President Origination
T: +61 402 901 555
Shaun Duffy / Elodie Castagna
T: +61 8 9485 8888