DRA, the South African global engineering group, has announced the acquisition of an Australian mining services company - Minnovo Global.
The acquisition is part of DRA's international growth strategy, which includes expanding the Australian footprint and adding further depth to its metallurgical, engineering, procurement, project management, construction and commissioning capabilities in Australia, as well as enhancing on-the-ground resources to clients in the APAC region.
Wray Carvelas, Chief Executive Officer of DRA believes that 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.
"We are excited about combining the Minnovo and DRA capabilities in APAC and we are delighted to be joining the DRA team of 3,300 dedicated people across the globe", said Greg McRostie, Managing Director of Minnovo.
The acquisition is expected to be concluded in the first quarter of 2018.