Jane Morgan Management
Highlights
- Completed settlement of the acquisition of 100% of the shares in Betta Group of Companies Qld Pty Ltd (BGC) for $5 million in cash and equity.
- Betta is a long-standing transport services business specialising in road, rail & air infrastructure power services, and also services Oil & Gas and Mining projects.
- The acquisition of Betta and the collaboration between the companies will add significant value and efficiency to the combined BCG / Orcoda business and has the potential to increase revenue and profitability.
Orcoda Limited (ASX: ODA) ('Orcoda' or 'the Company'), the transport logistics and transport
services optimisation company is pleased to announce that it has now completed settlement on
the acquisition of 100% of the shares in Betta Group of Companies Qld Pty Ltd (BGC) for $5
million.
Betta is a long-standing transport services business specialising in road, rail & air infrastructure
power services, and also services Oil & Gas and Mining projects. Betta Power Services is the
main business, with the focus of the company predominantly on transport infrastructure related
projects in Rail, Road and Air for likes of Aurizon, Ergon Energy, Queensland Rail, PowerLink, QBuild, Australian Defence Force and the Bowen Basin Mining Industry.
Betta concentrates its efforts on niche infrastructure projects where competition is limited, and
with access to unique plant & equipment and unique skills, Betta is able to complete such
infrastructure projects with a high level of client satisfaction.
Betta is exposed to growing infrastructure markets in Central Queensland – which is likely to
realise further growth with significant government stimulus to occur in major infrastructure
(declared 'essential services').
Betta is fully licensed in asbestos demolition which is required in many projects and runs a small
business in Rockhampton under franchise called Hydrokleen
Betta achieved $9 million revenue and EBITDA of A$2.1 million in FY20 and has achieved $2.5
million revenue for the first quarter FY21.
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