Perth-based project management company, Calibre Global Pty Ltd, has acquired 100% of Minerva Engineers Pty Ltd, a Melbourne based engineering business with expertise in mining and materials handing engineering and design.

 

The agreement to acquire the privately owned Minerva is another key step in Calibre’s Australian expansion drive, providing it with a strategic foothold into South East Australia.

 

Minerva was established in 2005 by five founders. The founders will remain in the business in key management and technical leadership roles, and together with the experienced staff complement of approximately 70 will augment Calibre’s existing staff of around 1200.

 

Minerva’s client list includes BHP Billiton, Rio Tinto, FMG, Leighton Contractors, Bechtel, Newcrest, Newmont, Port Waratah, Barrick Gold and MMG.

 

Calibre Global Managing Director, Rod Baxter, said the acquisition of Minerva followed acquisitions over the last 6 months of Brisbane-based engineering and project delivery service provider Joharko, and more recently, mining and geological consulting firm Xstract Mining Consultants Pty Ltd.

 

Minerva’s Co-Founder, Paul Leitinger,  will hold the role of General Manager, Victoria.

 

International energy and resources sector private equity firm First Reserve Corporation, together with Brisbane-based resources sector investment company Connect Resources Services, recently took a majority stake in Calibre Global. Executive chairman and co-founder of Calibre, Ray Munro, retains a substantial holding and will continue as executive chair. Calibre was established in 2002.