Global engineering, project delivery and operations management group, the DRA Group (DRA), has announced on its website that it has entered into an agreement for the acquisition of G&S Engineering Services Pty Ltd (G&S). 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 an 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.
“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,” said Greg McRostie, managing director of DRA for Asia-Pacific.
“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.”