Projected to generate $160m in revenue and $10m in EBITDA for the company in the 2012-13 financial year, the acquisition will expand the group’s coal sector revenues to 22% from the current 5%.
Calibre’s managing director Rod Baxter commented that the strong cash flows reinforce the company’s strategy to pursue further acquisitions.
"We also intend to build on Calibre’s strong presence and relationships in the iron ore sector to introduce G&S’s maintenance and asset management capabilities, strengthening our growing exposure to the substantial sustaining capital expenditure in the sector.
"In addition, through this acquisition we believe that G&S will substantially leverage the combined capabilities of Calibre’s businesses to enhance the Group’s position in the Australian East Coast coal sector," said Baxter.
G&S MD Mick Crowe added that the association with Calibre will expand the company’s footprint in the current as well as new markets, especially in Australian & overseas iron ore.
