Acquisition
AFRY to Acquire Mining Consultancy AMC to Boost Mining & Metals Growth
•February 17, 2026
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Why It Matters
The acquisition accelerates AFRY’s push into high‑value mining services and critical‑metal projects, positioning it to capture growing demand from the global energy transition.
Key Takeaways
- •AFRY acquires AMC for mining consultancy expansion.
- •AMC adds $40M sales, 170 staff, global client base.
- •Enhances AFRY's capabilities in critical metals like copper, lithium.
- •Supports AFRY growth in Australia, Canada markets.
- •Boosts data-driven mine design and energy transition services.
Pulse Analysis
AFRY’s move to purchase AMC reflects a broader industry trend where engineering firms are consolidating niche expertise to offer end‑to‑end solutions for mining projects. AMC’s four‑decade track record and deep relationships with 90% of the world’s top 50 miners provide AFRY with immediate credibility and a pipeline of premium advisory work. By integrating AMC’s strategic planning and feasibility services, AFRY can now deliver a more cohesive value chain—from early‑stage geology to full‑scale mine design—leveraging its global engineering platform.
Critical metals such as copper, lithium and nickel are central to the energy transition, driving demand for mining projects that are both efficient and environmentally responsible. AMC’s portfolio, heavily weighted toward these commodities, equips AFRY with the technical depth to support clients navigating tighter ESG regulations and the need for rapid scale‑up. The combined data‑rich toolset and tech‑enabled design capabilities enable more accurate resource modeling, reducing capital risk and shortening project timelines, which is vital as governments and investors push for faster deployment of clean‑energy infrastructure.
Geographically, the acquisition unlocks stronger footholds in Australia and Canada—two of the world’s most prolific mining jurisdictions. This expansion aligns with AFRY’s strategic ambition to serve large, multinational miners while diversifying its revenue base across high‑growth regions. As the mining and metals sector faces increasing competition from specialist consultancies, AFRY’s broadened service offering and enhanced market presence position it to capture a larger share of premium advisory contracts, reinforcing its role as a global leader in sustainable mining engineering.
Deal Summary
Swedish engineering firm AFRY announced it will acquire AMC, a leading independent mining consultancy, to strengthen its mining and metals capabilities and expand into key markets such as Australia and Canada. The transaction involves AFRY acquiring 100% of the shares of Ausmincon Holdings Limited, AMC's parent, and is expected to close in the June quarter pending shareholder and court approval.
Article
Source: International Mining (IM-Mining)
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.”
The post AFRY looks to realise mining and metals growth ambitions with acquisition of AMC appeared first on International Mining.
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