Global Swire group invests in Australian mining services company HSE Group
John Swire & Sons Pty Limited announced today the acquisition of an 80% shareholding of HSE Group by Swire Mining Services Pty Limited, a wholly owned subsidiary of Swire Investments Australia.
Swire’s business interests in Australia also include the wholly owned subsidiaries Swire Cold Storage, Alex Fraser Group, Clyde Agriculture, Swire Building, and Swire Industrial Services.
HSE commenced operation in 1991 as a small-scale earthmoving contracting business, and successfully grew to a mining services and equipment rental company that services mine operations throughout Australia. The company has developed extensive expertise in contract mining and specialised large mining equipment rental.
Headquartered in Perth, Western Australia, HSE employs 700 staff throughout its network of offices in Western Australia, The Northern Territory and Queensland. HSE supplies rental equipment and mining services to major mine operators in Western Australia, Queensland, The Northern Territory and New South Wales.
The company owns an extensive fleet of 212 large mining assets including dump trucks and excavators, as well as over 370 items of ancillary equipment such as service and water trucks, graders and dozers. HSE supports and maintains its equipment at seven dedicated workshops in Queensland, Western Australia and The Northern Territory.
Swire has a strong global presence in aviation, marine services, agribusiness and food chain, property and the trading/industrial sectors, employing more than 127,000 people worldwide.
The Swire group also controls a number of publicly listed companies, including the Hong Kong listed Swire Pacific Limited, Swire Properties Limited, Cathay Pacific Airways Limited, Hong Kong Aircraft Engineering Company (HAECO) and the Papua New Guinea-based and ASX listed Steamships Trading Company.
On the acquisition by Swire, Colin Ross, the founder of HSE commented: “The HSE Group sees the investment by Swire as a very positive step for the long term development of the company. It will enable HSE to further enhance its capabilities and opportunities for growth, thanks to the backing and involvement of Swire and its track record as a global owner-operator of specialised industrial services businesses. We look forward to this new partnership and the positive effects it will bring to HSE, our people and customers.”
Swire’s Australian Chairman, Bill Rothery said: “We are delighted to be making this investment in HSE. Swire is a long-term owner and operator of businesses and we see this investment as providing a new platform for Swire to further grow in Australia’s important resources sector. Swire intends to invest in the growth and development of HSE’s people and operating capabilities in a manner that will bring value to HSE’s key stakeholders – its employees, customers, communities and shareholders.”
Bill Rothery gave credit to Colin Ross, HSE’s founder who will continue to be a Director and shareholder of HSE. “Colin’s vision and dedication has enabled HSE to grow and successfully serve some of Australia’s leading resources businesses. HSE will continue to operate with its existing management team, under the leadership of its new Managing Director Greg Holt, who comes to HSE from Swire, where he was most recently the Managing Director of Kalari Pty Limited.”