AFRY looks to realise mining and metals growth ambitions with acquisition of AMC
AFRY has entered into an agreement to acquire AMC, a leading independent mining consultancy, as it looks to strengthen its position as a global leader in the mining & metals sector, expanding capabilities across the full mining life cycle as well as adding new strategic markets for the mining and metals segment.
Established in 1983 and with around 170 employees, AMC is globally recognised for its mining strategy optimisation, evaluation, planning and advisory services. The company has a 40-year track record and strong relationships with over 90% of the world’s leading 50 mining companies. This acquisition supports AFRY’s ambition to grow internationally in key markets like Australia and Canada, it added.
The addition of AMC supports AFRY’s strategic ambition to focus on large and leading clients while strengthening expertise in geology, geotechnical engineering, mine design, feasibility studies and strategic advisory, which are critical early-stage premium services for mining projects. It also strengthens AFRY’s ability to support the global energy transition, given AMC’s strong exposure to critical metals such as copper, lithium and nickel. The acquisition of AMC further enhances AFRY’s proprietary tool set, to offer world leading data and tech-enabled mine design, planning and optimisation services.
Nicholas Oksanen, EVP and Head of Global Division Industry at AFRY, said: “This is a key strategic acquisition for us. We’re excited to welcome the talented professionals of AMC to AFRY. Their expertise and passion make a real difference and, together, we’re building an even stronger team ready to deliver greater value for our clients across the mining and metals sector.”
Andrew Hall, Managing Director of AMC, said: “Joining AFRY marks an exciting new chapter for AMC. With AFRY’s global engineering and sustainability expertise within the minerals industry, we are well positioned to deliver even greater value to our clients globally while expanding our capabilities across the full mining life cycle.”
AMC’s net sales in 2025 amounted to approximately A$57 million ($40 million). The acquisition will be integrated into Segment Mining & Metals within Global Division Industry.
As part of the transaction, AFRY will acquire 100% of the issued shares in Ausmincon Holdings Limited (AHL) being the parent company of AMC. The transaction will be implemented by way of a scheme of arrangement process in Australia and is subject to shareholders’ and court approval, as well as customary closing conditions. The acquisition is expected to close in the June quarter.
AFRY provides engineering, project management and advisory services that enable the energy and industrial transition and strengthen resilience in society. The company added: “With 18,000 experts worldwide, we combine a global reach with local insights and deep sector knowledge to make a lasting impact for generations to come.”
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