BUY HOLD SELL - NWH
NRW Holdings (NWH) is s a leading provider of diversified services to the mining, energy, civil infrastructure and urban development sectors. With a team of over 2,000 industry-experienced personnel, NWH is well regarded for delivering complex projects in challenging environments.
The company recently completed the acquisition of RCR Mining and RCR Heat Treatment from the administrators of RCR Tomlinson Limited (RCR). The acquisition will be earnings accretive with the $10m purchase funded from existing cash reserves.
The CEO said of the deal; “This acquisition delivers a complementary business to NRW and aligns with NRW’S strategy to broaden the service offering to Tier-1 clients at a time of improving market sentiment.