Tenova has entered into final negotiations with SGS to sell Bateman Projects, its EPCM business operations based in South Africa. Tenova will still remain active in the mining industry, focusing its activities in the technology and equipment sector. The transaction is subject to approval by the South African Competition Commission and is expected to close within the next few weeks.
Bateman Projects specialise in providing process plant design and engineering, project management and commissioning, and optimisation services for mineral processing plants. The Bateman Modular Process Plant business and expertise will form part of the transaction.
“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.
Adapted from press release by Rebecca Bowden
Read the article online at: https://www.worldcement.com/africa-middle-east/09102015/tenova-sells-bateman-projects-740/