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AMA Group Limited entered a binding agreement to acquire 90% of Capital Smart Repairs Australia Pty Ltd (implied enterprise value $420 million) and 100% of ACM Parts Pty Ltd for $20 million from Suncorp Insurance Ventures Pty Ltd.
AMA Structural Mechanical Division was awarded a contract by Bechtel to supply 427 potshells for the Alba Line 6 Aluminum Smelter Project in Bahrain. The project involves approximately 20,000 MT of high-grade steel, with delivery starting mid-2017 and completion by mid-2018.