Australian mining and industrial products and services provider Murray Engineering has significantly expanded its national service offering with the acquisition of leading electrical and mechanical engineering company SRO Group Pty Ltd. The acquisition of the Newcastle-headquartered SRO Group will create a powerful business with combined estimated annual revenues of A$75 million and more than 230 employees in strategic locations across Australia and in China.
SRO, which provides specialist electrical and mechanical services to the mining, power generation, energy, utilities, transport and oil & gas sectors, has been operating since 2005 with operations in Australia’s major mining centres and a manufacturing facility in China. Recent major contracts the company has worked on include the Cape Lambert Rail and Port Expansion, Glencore Ravensworth Coal Handling and Preparation Plant, Anglo Coal Grosvenor/Moranbah CHPP upgrade, the Whitehaven – Maules Creek Coal project, Port Waratah Coal Services & Hay Point Materials Handling projects, Muswellbrook Solar Farm and a new AGL Gas Storage Facility in NSW, demonstrating its diversified capabilities.
Murray Engineering Managing Director, Craig Lindsay-Rae, said the acquisition of SRO Group was a union of two like-minded companies that will deliver significant strategic benefits for its employees and its combined customer base. “SRO is renowned leader for the design and manufacture of a full range of electrical products from Electrical Enclosures, Motor Control Centres to fully Integrated Transportable Switchrooms. SRO’s expertise and professionalism provides Murray Engineering with electrical and mechanical opportunities on the eastern seaboard and enables a national support capability for the combined range of products and services from SRO and Murray Engineering.”
SRO Group Managing Director, Troy Culley, said the merged company will provide specialist electrical and mechanical manufacturing solutions across multiple locations providing enhanced value to customers.
“The consolidation will allow the group to provide strategic and sometimes unique services, manufacturing and execution options around core products and will position the group as the leading manufacturer of electrical products and services across Australia and provide significant value to our clients. We are very pleased to be joining forces with a forward thinking and growing company like Murray Engineering. Murray Engineering’s focus on client service delivery aligns well with SRO Group’s philosophy of adopting the highest standards in dealing with our clients.”
Murray Engineering has a state-of-art, purpose-built 5.5 ha complex, including a 14,000 m² undercover manufacturing facility, at its Pinjarra headquarters in Western Australia – along with service centres at Kalgoorlie and Mt Isa. The company’s service and support offering to Australia’s eastern states will be further boosted by the addition of SRO Group’s 7,500 m² operations base in Newcastle which includes workshop and hardstand areas and a manufacturing facility in China.
“Our new business creates an expanded national mechanical and electrical engineering offering to the Australian resource sector at a time when the industry demands efficiency and is driven by cost-effectiveness,” Lindsay-Rae said. Under the terms of the agreement the management of SRO remains unchanged with SRO Managing Director Troy Culley accountable to the board of the SRO Group in which Murray Engineering has control. Culley will report to Murray Engineering MD Craig Lindsay-Rae, who has been named as a Director of SRO. The partnership will also see both companies benefit from access to a wide range of customers, and is expected to create opportunities in new market sectors – both in Australia and overseas.