We are pleased to confirm that Fredon and its’ subsidiary companies, including Sturdie Trade Services, has been acquired by NRW Holdings limited. This was formally announced on the ASX on 02/09/25, with completion expected in the coming weeks. From completion, Fredon will officially be part of NRW Holdings Limited.
Like the Fredon business, Sturdie started from humble beginnings and has grown to offer nation-wide service capability. Securing the long-term future of the Fredon Group has been a priority and this partnership with NRW represents the right step forward.
NRW brings complementary skills, resources, and geographic reach that will allow Fredon and Sturdie to continue growing, creating greater opportunities for our people and strengthening our ability to deliver for our clients.
NRW is an Australian, ASX listed company with a workforce of around 9,000 people supporting more than 140 projects. A leading provider of diversified contract services to the Australian resources and infrastructure sectors, NRW has continued to successfully diversify its service offering and expand its geographical presence.
Together, Fredon and NRW share a desire for innovation and a focus on client satisfaction and employee success, recognising that our people are critical to the ongoing success of the business.
Importantly, there will be no changes to Sturdie’s leadership or structure. Scott Olsen will continue to lead the Fredon Group as CEO, supported by the leadership team, and our varying businesses. Scott will now report to Jules Pemberton, the CEO and Managing Director of NRW Holdings Limited.
Operationally, nothing is changing and our business units, ABNs, contracts, branding, and people remain the same. The same teams delivering our projects, contracts and support services today will continue to do so tomorrow.
This is an exciting new chapter in our story, an acknowledgement of the incredible business we have built together, and a step toward an even brighter future.
Read the ASX Announcement here.
