Tenova has entered into final negotiations with SGS to sell its EPCM business operations based in South Africa: Bateman Projects. This transaction is dependent on the approval from the South African Competition Commission and is projected to close within the next few weeks.
Bateman Projects specialise in providing process plant design and engineering, project management and commissioning and optimisations services for mineral processing plants and over a variety of minerals, including gold, iron ore, copper, uranium and coal. The Bateman modular process plant business and expertise will be included in this transaction.
The company has indicated it will remain active in the mining industry, focusing its activities in the technology and equipment sector.
“With SGS, we have found a perfect fit to pursue further opportunities for our South African EPCM operations to grow within the industry. Tenova will further develop its activities in the mining industry, focusing on the technology and equipment sector and through its successful branches Takraf and Delkor, both worldwide recognised partners for the industry with strong market positions.” commented Andrea Lovato, CEO of Tenova.
Edited from press release by Harleigh Hobbs
Read the article online at: https://www.worldcoal.com/mining/09102015/tenova-to-sell-assets-of-bateman-projects-to-sgs-2990/