Minnovo acquired by larger rival

ENGINEERING firm DRA has agreed to acquire smaller Perth-based rival Minnovo.

Minnovo acquired by larger rival Minnovo acquired by larger rival Minnovo acquired by larger rival Minnovo acquired by larger rival Minnovo acquired by larger rival

The terms of the acquisition were not disclosed, but the deal is expected to be concluded this quarter.

DRA said the acquisition was a major milestone in its international growth strategy and would grow its footprint in the Australian market and add further depth to its metallurgical, engineering, procurement, project management, construction and commissioning capabilities in the 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 associate...