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NRW Holdings completes acquisition of RCR Mining and RCR Heat Treatment

The RCR Mining and Heat Treatment businesses will continue to be supported by around 300 employees who have received offers of employment with NRW.

Word acquisition highlighted on a document
NRW is a provider of contract services to the resources and infrastructure sectors

NRW Holdings Limited (ASX:NWH) has completed the acquisition of RCR Mining and RCR Heat Treatment from the administrators of RCR Tomlinson Limited.

The acquisition will be earnings accretive with the purchase consideration of $10 million being funded from NRW’s existing cash reserves.

RCR Mining includes RCR Mining Technologies, which is a brand recognised in the global market as an original equipment manufacturer (OEM) and innovative materials handling designer with an extensive product range.

Service offering to tier 1 clients

NRW managing director and CEO Jules Pemberton said: “This acquisition delivers a complementary business to NRW and aligns with NRW’S strategy to broaden the service offering to Tier-1 clients at a time of improving market sentiment.

“Since the announcement, NRW has received very positive engagement from clients who recognise the quality of the RCR Mining Technologies business and its people, together with the benefits the combination with NRW brings to their project objectives.” 

- Jessica Cummins 

Quick facts: NRW Holdings Ltd

Price: 3.06 AUD

ASX:NWH
Market: ASX
Market Cap: $1.29 billion
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