Mining contractor NRW’s circa-A$200 million acquisition of private Australian electrical engineering firm Fredon adds a “fourth pillar” to the ASX-listed company. NRW says Fredon’s electrical, mechanical, infrastructure and technology – EMIT – activities deliver a step change in new capabilities and entry into new markets.
Those markets include government, defence, data centres and technology, infrastructure, education and various heavy industry verticals.
Established in 1968, Sydney-headquartered Fredon is said to employ about 2500 technicians, project managers, engineers and operational staff and an “expanding presence in South Australia, Western Australia and New Zealand”.
Fredon’s reported A$840 million FY25 revenue and $38.6 million EBIT sit alongside NRW’s three existing pillars: a $1.54 billion mining business, $932 million MET arm and $824 million civil contracting division.
NRW is guiding for FY26 full-year revenue of $3.4 billion and EBITA of $218-228 million without Fredon.
NRW said it had “good visibility on [Fredon’s] earnings” via its existing contract portfolio and order book, including about $840 million of revenue scheduled for delivery in FY26 and a “step up in FY27”.
