Runge buys MineConsult, Minarco

MINING consulting services and software company Runge has acquired MineConsult and Minarco Asia Pacific consulting groups for a combined value in excess of $A20 million.
Runge buys MineConsult, Minarco Runge buys MineConsult, Minarco Runge buys MineConsult, Minarco Runge buys MineConsult, Minarco Runge buys MineConsult, Minarco

Courtesy Runge.

Staff Reporter

The acquisition of Minarco will enable Runge to enter the corporate Chinese mining market, while MineConsult will increase Runge’s presence in Indonesia.

Runge will also use its growing presence to attract and retain skilled resources in China and Indonesia.

Under the deal, Minarco and MineConsult’s management and employees will join Runge, lifting the total number of the company to 230 employees globally.

In January, Runge boosted its managerial team with three new appointments, taking on Kevin Holm as mining consulting manager, Scott Henderson as general manager of software development, and Michael Scott as general manager of human resources.

“These key appointments will strengthen our growth plans for the coming year," Runge CEO Tony Kinnane said.

“Also software and consulting will be one of three main areas of opportunity for business growth for Runge in the coming year."

Runge’s half-year fiscal 2007 results returned a profit before tax of $A3.7 million, 34% ahead of budget, while revenue was $17 million, 11% ahead of budget.

Keep watching ILN to see what Runge executive director Christian Larsen has to say about the acquisitions.

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