Calibre Group Limited
(ASX:CGH) has acquired a Queensland based mine engineering and planning group called Echelon Mining Services.
The resources and infrastructure focussed engineering company says the purchase is in line with its strategy of boosting exposure to asset management.
White the purchase price has not been disclosed, Echelon generated revenue of about $8 million in the 2012 financial year and its clients include BHP Billiton Limited
(ASX:BHP) and Rio Tinto Limited
(ASX:RIO) .
Managing Director Rod Baxter expects Echelon will help Calibre Group build its geological, technologies, mining and geotechnical divisions.
In the 2012 financial year Calibre Group increased its net profit by 71 per cent to $46.7 million.
