Slr makes international acquisition hat-trick
Slr makes international acquisition hat-trick
SLR, a leading international environmental firm based in the UK, has acquired Metago, a South African firm providing environmental consultancy services to the mining industry throughout sub-Saharan Africa and Australia.
The deal is SLR's third international acquisition in 13 months and follows the purchase of Australian environmental consultancy Heggies (Pty) Limited and Alaskan firm Hoefler Consulting Group last year.
Metago, founded in 1994, is an employee owned company and has 63 staff based in four offices in Johannesburg, Pretoria, Swakopmund in Namibia and Perth, Australia. It consults on all phases of mining life, with a particular specialism in environmental impact assessment, mine waste and water management assessment and design, and works across virtually all commodities; it is particularly active in gold, platinum, coal, chrome, iron ore and uranium. Clients include Xstrata, Rio Tinto, Lonmin and Goldfields.
Strengthening demand in recent years for Metago's services has come from major mining firms seeking to develop operations in more environmentally challenging and remote locations and from financial institutions seeking to uphold the Equator Principles when investing in the developing world.
David Richards, Chief Executive of SLR, said: "This acquisition is in line with SLR's continued strategy to expand its international environmental consultancy footprint.
"With Metago joining SLR, we become a leading consultancy in the international mining sector. Metago's complementary technical expertise and strong reputation also provides a great platform for us to extend our offering in sub-Saharan Africa as well as considerably strengthening our Western Australian operations.
"In conjunction with SLR's existing strengths in resources and waste management, this acquisition will provide accelerated growth in the African and Australian markets."
Metago is currently working on the Rossing and Langer Heinrich uranium mines located in Namibia, which account for 12% of the world's uranium production. Demand for uranium is expected to increase over the next decade as a new generation of nuclear power stations come into development in Europe, North America and China.
SLR is an international environmental consultancy, based near Oxford in the UK, with almost 900 employees working from 63 offices in the Europe, North America, Australasia, and Africa. SLR is one of a very small number of truly international specialist environmental consultancies.
It provides global advice and support on a wide range of strategic and site-specific issues to a diverse and growing base of business, regulatory and governmental clients. Key areas of SLR's business are the energy and mining sector where it is involved with both the oil and gas industry, renewable power including wind, energy from waste, hydropower and biomass, and advises mining companies and funding organisations throughout the world. SLR is also the leading consultant to the private sector waste management industry in the UK and undertakes a significant amount of planning and environmental impact assessment work for major commercial developers.
SLR is an employee controlled consultancy, with over 250 employee share and option holders, and also has the backing of 3i as a minority shareholder.
For further information visit http://www.slrconsulting.com/news_stories
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