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:: Bateman Acquisition of the Delkor Group of Companies
Bateman Engineering has entered into an agreement to acquire the Delkor group of companies. The transaction has been completed in all the relevant jurisdictions save China where completion is subject to regulatory approval.
The Delkor Group is a recognised leader in the supply of solid / liquid separation equipment with 30 years of design, engineering and supply into mineral and chemical processing applications. They have a wide range of equipment including horizontal vacuum belt filters, thickeners, screens and associated mineral processing equipment. With offices located in many key mining industry centres, the Delkor Group is able to supply products on a global basis.
The addition of the Delkor Group will bring additional technologies, an international network of offices and a new set of clients to the Bateman Engineered Technologies division of the Bateman Engineering Group.
The Delkor Group includes six separate operating companies located in Australia, Canada, Chile, China, India and the UK.
David Minson, currently a regional Managing Director of the largest division of the Delkor Group (Delkor Americas), has been appointed as CEO of the Delkor Group. David will report to Arnold Matthee, head of Bateman Engineered Technologies. The senior managers of the Delkor Group’s operating companies have all signed service agreements and are incentivised via the purchase agreement to remain with the Delkor Group on a long term basis.
Commenting on the acquisition, Dr Sivi Gounden, CEO of Bateman Engineering, said: “The Delkor acquisition is a critical step toward our growth objectives. It provides a platform to immediately globalise our equipment business which, to date, was focused largely on the Southern African market. Delkor’s impressive margins and history of growth will immediately contribute to our financial results."
Further commenting on the acquisition, David Minson said: “We are very excited to be joining the Bateman group of companies and are pleased that we will be maintaining the integrity of the Delkor infrastructure to ensure continuing support to our loyal client base.
With Bateman Engineering behind us, we hope to grow our business both in existing and new markets, whilst sustaining our core values of providing quality and innovation."
Further information on the Delkor Group is available at www.DelkorGlobal.com.
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