Tenova has confirmed completion of the sale of its EPCM business operations known as Bateman Projects, based in South Africa, to Swiss-based SGS. The sale was originally announced in October 2015 and completed in early April.
Tenova says it will further develop its activities in the mining and minerals industry by focusing on the equipment and process technology sector through Takraf and Delkor, both worldwide recognized partners for the industry with strong market positions.
Bateman Projects specialises in providing process plant design and engineering, project management and commissioning and optimizations services for mineral processing plants and over a variety of minerals including gold, iron ore, copper, uranium and coal. The Bateman Modular Process Plant business and expertise forms part of this transaction.
Based in Johannesburg and active throughout South Africa, Sub Saharan Africa as well as providing specialized project services in many other parts of the world, Bateman employs 250 experts and staff and generated revenues in excess of EUR30 million in the 2015 financial year.
“With SGS we have found a perfect fit to pursue further opportunities for our South African EPCM operations to grow within the industry. Tenova will further develop its activities in the mining industry, focusing on the technology and equipment sector and through its successful branches Takraf and Delkor, both worldwide recognized partners for the industry with strong market positions,” said Tenova’s CEO Andrea Lovato.
Tenova is a worldwide supplier of advanced technologies, products and engineering services for the metals and mining industries providing innovative, integrated solutions for complete process areas. Tenova’s network companies operate in 26 countries on five continents with more than 4000 people.