WorleyParsons, through its South African subsidiary, will acquire TWP Holdings Pty Ltd. for R900 million ($104 million). The acquisition of TWP excludes Basil Read Matomo Projects, TWP Investments and LYT Architecture, formerly TPS.P Architects.
TWP is a resource and infrastructure focused engineering project entity providing a full range of engineering, procurement and construction management (EPCM) solutions to the mining and minerals industries, and the infrastructure environment. TWP has offices in South Africa, Mozambique, Australia and Peru. Basil Read is a leader in the South African construction sector.
WorsleyParsons, an Australian company, is a leading provider of professional services to the energy, resources and complex process industries. WorleyParsons has a complement of 40,800 employees in 41 countries, including seven offices in South Africa.