Australian maintenance contractor Transfield Services (ASX:TSE) continues to go from strength to strength.
Bloomberg recently reported that Transfield Services were considering offering up to $A529 million for GRD, with particular interest in its Minproc engineering group and the waste recycling technologies it boasts.
GRD is a recognised supplier of technology and services within the mining sector and also has significant contracts in the UK and Europe with local councils and other industry sectors.
Just one of a trail of good decisions by the team of Transfield Services. I worked for this company before it was separated from Transfield in Australia where we were providing turnaround management services to BHP at the time. (Many moons ago)
Their success since that time is a testament to just how strong the market is for quality services and technologies in the areas of maintenance and asset management.
In recent press releases they have announced facilities management tie ups in Qatar, they already are into their second year of a maintenance contract there with RasGas, opening an office in Calgary to take advantage of the boom there, renewed contracts with Shell in Malaysia, and the acquisition of Intergulf giving them an additional 400 workers and an even greater beachhead in the Gulf states.
