THIESS GROUP ACQUIRES PYBAR MINING SERVICES
December 16, 2024Earlier this year, we were thrilled to announce the acquisition of PYBAR Mining Services by the Thiess Group. The transaction, completed on 31 May 2024, heralds an exciting time in PYBAR’s history.
Thiess Group Executive Chair and CEO Michael Wright commented at the time of the announcement: “We are pleased to welcome PYBAR into Thiess. Their 30 years of in-depth experience and expertise in underground mining enables us to expand our service offering to existing and new clients, further diversifying our business and pursuing new opportunities in underground metals and minerals that are critical to the global energy transition across Australia and globally.”
“PYBAR’s committed workforce and track record of delivery for their clients are integral to their success, and we will work with their leadership team to continue to support their clients and their people, while growing the PYBAR brand in new markets.”
About Thiess
Founded in 1934, Thiess has broad capabilities extending across the mine life cycle from engineering, asset management, extraction and haulage, civil and infrastructure, crushing and processing and rehabilitation.
The Group, comprising Thiess, MACA, Fleetco, RTL and now PYBAR, has operations across Australia, Asia and the Americas and is 15,000 team members strong.
“We are excited to join the Thiess Group and become part of their 90 year story.” Said PYBAR General Manager, James Glover.
“The synergies and experience shared across the Group will enable us to provide a unique service offering to both existing and future clients.”
The Future
The backing of the Thiess Group provides PYBAR with a strong foundation for the future, and the news has been met with widespread approval from current and potential clients and employees alike.
With Thiess’ proud 90 year history of pioneering spirit, innovation and excellence, and PYBAR’s 30+ years as leaders in underground hard rock mining, the success of our collective pasts promises a strong future, delivering safe and reliable operations for our people and our clients.