SRG Global is an ASX listed diversified industrial services company that was born out of Australia’s greatest engineering challenge, the Snowy Mountains Hydro-electric Scheme, in 1961.
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We are proud to be a key partner in the successful delivery of critical services to our blue-chip clients in major industries across the entire asset life cycle of engineer, construct and sustain.
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Feb 16, 2023
SRG Global is pleased to announce that it has entered into a binding agreement with ALS Industrial Holdings Pty Ltd, a subsidiary of ALS Ltd to acquire 100% of the issued shares in ALS Industrial Pty Ltd for A$80 million.
Commenting on the acquisition, SRG Global Managing Director, David Macgeorge, said: “A combined SRG Global and Asset Care brings together two highly complementary market leading businesses that enhance and accelerate the combined group’s growth ambitions.
Asset Care is a business that we have followed for some time and see a significant opportunity to create value by combining our complementary asset maintenance services, portfolios of tier-1 clients, core end markets, strategic locations Australia-wide, and market leading technologies and systems.
Importantly, the acquisition will enhance SRG Global’s capabilities to provide a full end-to-end asset lifecycle sustainability solution, strengthening our offering to clients and re-enforcing our market leading position in asset sustainability services.