GR announces process control acquisition

GR Engineering Services has agreed to acquire Brisbane-based process control systems engineering, automation, and technology services firm Mipac.

GR announces process control acquisition GR announces process control acquisition GR announces process control acquisition GR announces process control acquisition GR announces process control acquisition

GR is moving into the process control space

The A$21.4 million deal is being concluded with a mix of cash and shares, with up-front consideration of $14.5 million, and the balance to be paid based on earnings targets over the next two years.