We are pleased to confirm that Fredon and its’ subsidiary companies has been acquired by NRW Holdings Limited (ASX:NWH). This was formally announced on the ASX on 02 September 2025, with completion expected in the coming weeks. From completion, Fredon will officially be part of NRW Holdings Limited.
Since establishment in 1968, Fredon has grown into a leading, multi-disciplinary organisation. Under Alan Lipman’s leadership since 1987, the business has gone from strength to strength, built on the efforts and dedication of our people. Securing the long-term future of Fredon has been a priority and this partnership represents the right step forward.
NRW brings complementary skills, resources, and geographic reach that will allow Fredon to continue growing, creating greater opportunities for our people and strengthening our ability to deliver for our clients.
NRW is an Australian, ASX listed company with a workforce of around 9,000 people supporting more than 140 projects. A leading provider of diversified contract services across the Australian resources, public infrastructure and energy sectors and urban development sectors, NRW has continued to diversify its service offering and expand its geographical presence.
Together, Fredon and NRW share a desire for innovation and a focus on client satisfaction and employee success, recognising that our people are critical to the ongoing success of the business.
Importantly, there will be no changes to Fredon’s leadership or structure. Scott Olsen will continue to lead the Fredon Group as CEO, supported by the leadership team, and our varying businesses. Scott will now report to Jules Pemberton, the CEO and Managing Director of NRW Holdings.
Operationally, nothing is changing and our business units, ABNs, contracts, branding, and people remain the same. The same teams delivering our projects, contracts and support services today will continue to do so tomorrow.
This is an exciting new chapter in Fredon’s story, an acknowledgement of an incredible business, and a step toward an even brighter future.
