Orcoda Limited (ASX: ODA) is pleased to announce that it has entered into a Share Purchase Agreement (‘SPA’) to purchase 100% of the shares in Betta Group of Companies Qld Pty Ltd
BGC is a long-standing transport services business specialising in rail, road and air infrastructure power services contracting but also contracts for services in oil & gas and mining projects. Betta was formed in Rockhampton, Queensland in 2005 and was registered in 2012 as Betta Group of Companies (QLD) Pty Ltd trading as Betta Power Services. The focus of BGC is predominantly in transport infrastructure-related projects in rail, road and air for power services for the likes of Aurizon, Ergon Energy, Queensland Rail, PowerLink, Q-Build, Australian Defence Force and the Bowen Basin mining industry.
Geoff Williams, Betta Group founder and Managing Director commented: “The majority of Betta’s contracts are remote and will benefit from Orcoda’s software, contracting and management expertise in managing our workforce and our assets (vehicles, plant and equipment). The joining of our businesses will add significant value and efficiency to the business and enhance its profitability. There are multiple major infrastructure projects coming up in road, rail and air in Central Queensland and a combined Orcoda/Betta business will be well-positioned to win a lot of these contracts”.
Geoff Jamieson Orcoda Managing Director commented: “Betta Group is a perfect fit into our Resource Logistics division. Our contracting methodologies are the same. Once a contract is won, we will both manage the contract utilising our management skills in managing workers, assets and utilise our existing ‘best in class’ software to optimise the project outcomes and deliver better value for our customers. Betta’s ISO qualifications will enhance the newly merged entity’s ability to win new infrastructure projects”.