Monadelphous purchases a major rail infrastructure provider

Monadelphous has announced they’ve purchased a rail infrastructure maintenance service provider based in New South Wales.

The Australian engineering group have acquired the business and assets of Harbinger Infrastructure.

Monadelphous will also takeover the engagement of their operational team and NSW-based rail maintenance contracts.   

Through this acquisition, Monadelphous will expand their rail maintenance support and service offering into NSW, and other east coast regions. 

The Perth based organisation provides large-scale multidisciplinary project management and construction services, sustaining capital works, and services for public sector infrastructure and facilities.

Monadelphous secured new contracts and additional work valued at approximately $1.35 billion since the beginning of the 2019 financial year.

Harbinger Infrastructure stated in a social media post on January 9 that they’re pleased with the acquisition.

“Monadelphous, which has more than 45 years’ experience in the mining and oil and gas sectors, commenced providing rail infrastructure and rolling stock maintenance support services in the Pilbara region of Western Australia in 2017,” they said.

Monadelphous Managing Director Rob Velletri said in the company’s 2019 annual report that there will be ongoing growth and diversification of the business into the infrastructure sector.

“Maintenance activity in the resources market is expected to be strong as production levels in Australia remain at record levels,” he said.

“Customer focus on optimising production and increasing productivity levels will continue to drive demand for ongoing maintenance support and sustaining capital work.”