Minnovo snapped up by DRA
SOUTH African engineering company DRA has acquired Perth-based mining services company Minnovo for an undisclosed amount.
DRA said the acquisition was part of its growth strategy into the Asia-Pacific region, adding further depth DRA’s metallurgical, engineering, procurement, project management, construction and commissioning capabilities in Australia, as well as enhancing on-the-ground resources to clients in the Asia-Pacific 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 chief executive Wray Carvelas said.
“We are excited about combining the Minnovo and DRA capabilities in APAC and we are delighted to be joining the DRA team of 3300 dedicated people across the globe,” Minnovo managing director Greg McRostie said.
The acquisition is expected to be concluded in the first quarter of 2018.