Sunday, 25 October 2020
DRA expands its footprint in Asia-Pacific via acquisition of Minnovo
Austmine Limited
/ Categories: Press Releases

DRA expands its footprint in Asia-Pacific via acquisition of Minnovo

Global engineering, project delivery and asset management group, DRA, has completed an Australian
acquisition to advance its growth objectives in the Asia-Pacific region.

Engineering, project delivery and contract operations specialist, DRA, has achieved another major milestone in its international growth strategy with the execution of an agreement to acquire Minnovo, a Perth based engineering company. Minnovo will expand DRA’s growing Australian footprint and add further depth to 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 APAC region.

Wray Carvelas, Chief Executive Officer of DRA said, “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."

Greg McRostie, Managing Director of Minnovo added that “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.”

The acquisition is expected to be concluded in the first quarter of 2018.

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