Opus is to acquire the business of the New South Wales based survey, civil engineering and water design firm, Bowdens Group Australia Pty Ltd, currently located in Parramatta, Sydney.
Opus Chief Executive and Managing Director Dr David Prentice said that “the purchase of the business gives us a broader range of complementary services in survey and water engineering. It also allows us to enter additional market sectors through Bowden’s existing contracts with key clients.”
The acquisition of the business is for a total payment of $1.7m AUD comprising of $1.4m in upfront cash consideration, $0.2m in Opus shares and a $0.1m deferred payment based on performance. It adds 16 staff, lifting the Australian total to 420.
Bowden’s Managing Director, Mr. Greg Gearin, who will lead the new Opus Parramatta office, is enthusiastic about becoming part of the global Opus team and sees this as being positive for the long term development of the business.
The new Opus office in Parramatta will work alongside other existing offices in NSW, Queensland, Northern Territory, South Australia, Victoria and Western Australia, under the leadership of the Australian Managing Director, Melvyn Maylin, who is based in Sydney.
For further information and comments please contact:
Dr David Prentice
Opus International Consultants
Tel: + 64 4 471 7022