NRW Holdings acquires Hughes Drilling
Leading Australian civil and mining company NRW Holdings today announced it had acquired Hughes’ East Coast coal production drilling operations.
Hughes’ East Coast operations comprise a fleet of 35 large drill rigs, and approximately 160 employees, providing services to a number of major mine operators and owners in Queensland and New South Wales.
With a forward order book of $50 million and annual revenues of around $40 million, the acquisition of Hughes’ East Coast operations aligns with NRW’s strategy to build upon their existing presence in Queensland and expand into New South Wales.
NRW is looking forward to integrating the acquisition as quickly as possible into their Action Drill & Blast division.
To read the ASX announcement click here.