MARKETS

Ausenco acquires Aussie company

ENGINEERING firm Ausenco says is ready to meet the changing market - through its acquisition of T...

Hannah Vickers
Ausenco acquires Aussie company

President APAC/Africa, Simon Cmrlec, said the global company had structured its growth strategy around the steady increase in demand for its continuous improvements services over the past year as more clients aimed to optimise their productivity.

“While continuous improvement is not a new concept, we are seeing strong growth throughout the industry and a number of major, globally diversified mining groups have said their current strategies involve an increased focus on asset optimisation to unlock capacity within existing operations,” he said.

The Rylson Group is an Australian-based, global provider of asset management and business improvement services and Ausenco believes it will help the company strengthen its position.

Ausenco Rylson delivers proprietary software and expands Ausenco’s existing offering in providing engineering solutions across the project lifecycle, from initial design through to operation and maintenance, to achieve optimal performance of assets.

The practices, which find ways to “sweat” assets and increase productivity with minimal capital cost, can be particularly useful for the resources and energy sector, with companies achieving more than 10% savings against operating budgets, according to Ausenco.

“Continuous improvement solutions are wide-ranging and can be applied to all bulk commodities,” Cmrlec said.

“They generally include both de-bottlenecking and process optimisation, as well as reliability engineering to optimise maintenance strategies and sustaining capital programs.”

In February the company reported a full-year net profit after tax of $A41.4 million for the 2012 financial year, a 57.1% jump from the previous year.

Ausenco shares shed 0.4% to $2.54.

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