Acquisition of G&S Engineering Services
In July 2018 it was announced that global engineering, project delivery and operations management group, the DRA Group (“DRA”) would acquire G&S Engineering Services Pty Ltd (“G&S”) from Calibre Group Limited.
The acquisition provides DRA’s Australian operations with increased scale, and increased exposure to the east coast of Australia where G&S is headquartered. The acquisition of G&S will also extend DRA’s procurement, project management, construction, commissioning and operations and maintenance capabilities in Australia.
The transaction completed on 6 August 2018.
Azure acted as corporate adviser to DRA and advised on all aspects of the transaction including valuation and strategic advice, coordination of due diligence and negotiation of the relevant transaction agreements.