Aurecon to acquire Quartile One as digital disruption drives boom in asset management
23 April 2019
Global engineering and infrastructure advisory
company
Aurecon has continued its aggressive move into consulting
services agreeing to
acquire the 70-person global
asset
management business
Quartile One.
Quartile One is a key player in the recent resource sector’s use of data
analytics to tightly manage physical and other infrastructure assets to
meet the performance and pricing challenges of the commodity markets.
The acquisition is expected to be complete by July 2019.
Aurecon Chief Executive Officer William Cox said the
acquisition is part of Aurecon’s rapidly growing Advisory
business that now comprises 1000 people and has delivered 26 per cent
growth in revenue over the last financial year.
“Across the globe, asset owners are facing the ever-increasing challenge
of balancing existing service levels, asset performance, risk and
expenditure over their asset life cycles. Quartile One has unlocked
incredible value for the
mining industry and Aurecon intends to expand
these successful asset optimisation strategies to asset-rich businesses
across sectors such as energy, water and telecoms,” said Mr Cox.
Assets to derive greater value
Aurecon Managing Director –
Advisory, Brad McBean continued: “Aurecon believes
there is enormous potential for organisations with complex assets to
improve their performance through better management of the life cycle of
their assets by using advanced analytics and Aurecon’s traditional
engineering advisory strengths.
“With the growing digitisation of infrastructure,
organisations in the energy,
water and telecoms sectors, in particular, could benefit greatly
from Quartile One’s data analytics methodologies. These enable
asset-rich organisations to extract greater value from their physical
assets through data capture, synthesis and application of insights to
technically complex operational environments,” Mr McBean said.
Australia’s world-leading expertise in resource-based asset management
can be seen in
Brisbane-based Quartile One’s recording of 65 per cent year-on-year
growth over the past three years, and delivery of nearly 600 asset
management and technology-related projects in more than 20 countries.
Building on its global success, Quartile One has measured and collected
asset performance and operational data from mining sites around the
world, resulting in the largest data driven study of the mining
sector ever conducted. This ongoing study challenges the
drivers of high performance and demonstrates how digitisation and data
analytics can positively impact business outcomes for asset-rich
organisations.
How data can impact decision-making
Quartile One’s data-driven fleet selection studies with mine sites
around the world achieved the following:
-
Selection of the right equipment at the right time to meet forecast production demands and business needs
-
Benchmarking site performance against the global performance database for similar equipment and operations
-
Delivered over $400 million of value from studies with one partner alone over the last 18 months
Mr McBean said: “Across many
sectors assets are becoming more complex. Historically, companies have
not placed as much emphasis on maximising assets and processes, instead
choosing to build new capacity, but this period of global cost
constraints and the rise of digitisation have provided
new opportunities for organisations to reinvest and maximise existing
assets.”
“We are very excited about the opportunities this acquisition presents
and I welcome all members and clients of Quartile One into our business.
We are looking forward to collaborating closely and anticipate once
clients understand the savings and value that these new digital
methodologies can deliver, we will see the rapid growth of this practice
continue,” said Mr McBean.
Acquisition to drive large-scale execution
Quartile One Chief Executive Officer and founder Rob Beckman said that
they were attracted to Aurecon’s broad client base, geographical reach
and deep technical expertise in the energy, water, telecoms and social
infrastructure sectors, and believe joining with the global engineering
and infrastructure advisory company will enable execution of their
methodologies on a large scale.
“We continue to see people struggling to make value-driven asset
management decisions, potentially costing them tens of millions in lost
value for any one decision,” Mr Beckman said.
“Both public and private organisations are faced with the challenge of
managing assets well in a changing environment. Our approach involves
utilising data analytics to provide companies with insights and, in
turn, better decision-making visibility to drive better value for the
organisation.
“We are looking forward to working with Aurecon and applying our
methodologies across businesses on a much larger scale. The potential
for generating true value for clients here is exciting,” concluded Mr
Beckman.
--ENDS--
Source: Aurecon - www.aurecongroup.com
Contact: N/A
External Links:
https://www.aurecongroup.com/expertise/operations/asset-management
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