NRW Holdings acquires BGC Contracting

NRW Holdings has confirmed it will buy BGC Contracting in a transformational deal that gives the target an enterprise value of $310 million.

Australian Mining is reporting this acquisition is expected to support NRW’s mining technologies business with an expanded capability and service offering, including specialist industrial engineering, shutdown maintenance and fabrication services.

BGC Contracting provides services to the resources, energy and infrastructure sectors across its mining, construction and DIAB Engineering businesses.

It has an existing contract portfolio and order book of around $1.5 billion, including around $700 million that is scheduled for delivery in the 2020 financial year.

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