SYDNEY, AUSTRALIA: SRG Global Ltd (ASX: SRG) has acquired Bartek, an engineered merchandise enterprise based in Queensland for $2.6 million. This strategic acquisition is structured as an asset buy transaction and is efficient from 1 December 2022.
Bartek has over 20 years’ expertise within the Engineered Products Segment with significant expertise within the provide of engineered couplers, precast ferrules, starter bars, threaded anchors and rebar threading services. It currently services a various vary of clients throughout Australia and New Zealand.
The acquisition of Bartek will considerably expand the present product vary of SRG Global’s Engineered Products enterprise and can improve SRG Global’s place as a number one rebar coupler provider to the infrastructure and constructing sectors.
The acquisition will additionally ship improved buying preparations through direct provide from lengthy run worldwide suppliers.
David Macgeorge, Managing Director of SRG, commented, “The acquisition of Bartek aligns with our strategic goal to expand our Engineered Products enterprise each domestically and internationally. I am particularly happy that under SRG Global ownership, we will be able to leverage the Bartek product providing and well-established worldwide provide chain to proceed to develop SRG Global’s Engineered Products enterprise and ship against a key element of the Leadership Phase of our Strategy.”
SRG Global is a diversified industrial services firm bringing an engineering mindset to ship critical services for main industry throughout the entire asset lifecycle of engineer, assemble and sustain. The Company has over 2,600 employees throughout three working segments of Asset Maintenance, Mining Services and Engineering & Construction.