Engineering group DRA 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 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, along with the associated infrastructure requirements,” said Wray Carvelas, CEO of DRA.
“We are excited about combining the Minnovo and DRA capabilities in the Asia-Pacific, 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. DRA acquired Taggart in 2014 and then Montreal-based Met-Chem in 2016.