# NRW acquires OFI Group Holdings for A$4M

NRW Holdings announced the acquisition of Bunbury-based OFI Group Holdings for about A$4 million. OFI specializes in industrial electrical engineering, automation, switchboard design and manufacture, and is expected to generate A$40 million of revenue next financial year.

- Type: Acquisition
- Announced: 2023-03-27
- Where: Bunbury, Western Australia, Australia
- Value: $2.70M (4.00M AUD)
- Status: announced
- Products: industrial electrical engineering, automation, switchboard design and manufacture
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [NRW Holdings](https://endata.com/companies/20658.md) (acquirer)
- [OFI](https://endata.com/companies/63754.md) (target)

## Sources

- [miningnews.net](https://www.miningnews.net/mets/news/1450387/nrw-wins-fmg), 2023-03-27: "NRW also announced that it had acquired Bunbury-based OFI Group Holdings for about $4 million."
- [miningmonthly.com](https://www.miningmonthly.com/operations/news/1450412/nrw-branches), 2023-03-27: "OFI will join NRW's mining equipment, technology and services division alongside other acquired businesses RCR Mining Technologies, DIAB Engineering and Primero Group."
- [im-mining.com](https://im-mining.com/2023/03/27/nrw-completes-ofi-buy-announces-new-contracts-for-rcr-and-diab/), 2023-03-27: "NRW Holdings Ltd has announced that it has completed the acquisition of Bunbury based company OFI Group Holdings Pty Ltd."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.