Sedgman Limited
(ASX:SDM) says MDM Engineering Group shareholders have backed a proposed merger with the resource sector services company.
Sedgman inked a deal to buy the South African based minerals process and project management company for $104 million in November 2012.
MDM Engineering Group provides services to Africa focussed junior and mid-tier mining companies and is listed on the Alternative Investment Market of the London Stock Exchange (AIM).
Though regulatory approvals remain outstanding Sedgman expects the merger to be finalised by March 2013.
Sedgman generated a net profit of $37.8 million in the 12 months to the end of July, 2012.
