On July 7, 2023, CIMIC Group subsidiary Sedgman acquired Canadian engineering and metallurgy company Novopro Projects Inc. on July 7, 2023. Novopro specializes in project development and operational optimization for minerals processing, with a focus on lithium, potash, salt, magnesium, and soda ash projects across North America, Europe, Africa, the Middle East, and Australia. This acquisition provides Sedgman access to growth opportunities in the expanding lithium sector, driven by rising demand for batteries and electric vehicles.

With Novopro’s expertise, Sedgman will enhance its service offerings, ranging from sustaining capital to large-scale greenfield projects. The acquisition bolsters Sedgman’s presence in North America while maintaining its global reach. Novopro will be rebranded as Sedgman Novopro and will operate under Sedgman’s North American division.

The transaction value was not disclosed. Key executives involved in the deal included CIMIC Group Executive Chairman Juan Santamaria, Sedgman Managing Director Grant Fraser, and Novopro Managing Director Mazi Rejaee.