Bigger mining asset management player created

A LARGER mining asset management, mining services and mine infrastructure player has been created through the “merger of equals” of Global Construction Services and SRG.

Bigger mining asset management player created Bigger mining asset management player created Bigger mining asset management player created Bigger mining asset management player created Bigger mining asset management player created

David Macgeorge (left) and Peter Wade.

The deal could also be a boon for slope stability monitoring radar maker Reutech. SRG was made a Reutech partner in Australasia in 2015. It supplies, maintains and supports the Reutech Movement & Surveying Radar products.

The merger will create a company with a pro forma market capitalisation of $322 million, a pro forma revenue of $510 million and more than 2000 employees globally.

The combined group, to be known as SRG Global, counts Fortescue Metals Group, Rio Tinto and Evolution Mining among its clients.

Among the aims of the merger is to create an extended asset management offering, a vertically integrated offering in building services and increased cross selling opportunities of its specialised services.

GCS managing director Enzo Gullotti sa...