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PROPOSED ACQUISITION OF PRIMERO GROUP

NRW Holdings is pleased to announce that we have entered into a Bid Implementation Agreement for a recommended off-market takeover offer for Primero Group.

Primero is a vertically integrated business that provides engineering design, construction and operational services to the minerals, energy and infrastructure sectors.

Managing Director of NRW, Jules Pemberton, commented “The acquisition of Primero will provide NRW with the opportunity to expand its Minerals, Energy & Technologies specialised capability and to leverage the combined expertise of both companies to pursue new business initiatives across a large pipeline of opportunities.

It builds on NRW’s recent acquisitions of DIAB Engineering and RCR Mining Technologies and represents a further diversification of our strategic platform to offer clients continuity of services across the whole lifecycle of resource projects – from early planning, design, development, construction to operations and maintenance.”

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