Infrastructure services company Opus International Consultants is on the lookout for acquisitions after confronting the challenges of the global financial crisis last year."We have reactivated our acquisition strategy with vigour and we are progressi
Infrastructure services company Opus International Consultants is on the lookout for acquisitions after confronting the challenges of the global financial crisis last year.
"We have reactivated our acquisition strategy with vigour and we are progressing with our search for further targets in the Australian and Canadian markets," managing director Kevin Thompson told the company's annual meeting today.
The company was optimistic that the stability and predictability of its workload would improve.
"We now have processes and procedures that allow us to share work between our global offices in a much more nimble fashion," he said.
Opus, which has operations in this country, Australia, Britain and Canada, reported 2009 net profit of $18.6 million, a rise of 6.3 percent, although revenue fell 1 percent to $367.8m. As it coped with the global financial crisis it made 72 redundancies in Britain, 39 in this country, and 22 in Australia.
Chairman Kerry McDonald said the level of market uncertainty and risk remained a key consideration for the board and the management team.
"However, there are also opportunities for growth, particularly recognising the shifts amongst the world's regions and economies and their different rates of growth over the last decade and their current economic strengths and circumstances," Mr McDonald said.
