Veris

Osborne Park-based planning services company Veris has been awarded a contract with Cross Yarra Partnership for up to $100 million across 10 years to deliver early survey works for the Metro Tunnel Project in Victoria.

After announcing yesterday a significant contract with Cross Yarra Partnership in Melbourne, Osborne Park-based Veris has today secured further surveying works contracts in the eastern states worth about $5 million.

Surveying company Veris has announced it will purchase east coast-based advisory services firm Elton Consulting in cash and scrip for an initial outlay of $12 million.

Osborne Park-based Veris has secured a three-year services contract for technology infrastructure upgrades at BHP Billiton’s accommodation villages.

Perth-based ASX-listed company Veris outshone a quality field to be named the overall winner at the 2018 Business News Rising Stars awards held last night. It was one of nine organisations to win an award on the night.

SPECIAL REPORT: ASX-listed company Veris has transitioned its business from the mining sector to become a diversified outfit focused on key infrastructure projects across Australia.

Perth-based Veris has announced contracts worth $5.6 million with Rio Tinto, BHP and Bunnings through subsidiary Aqura Technologies.

Veris says it will “likely” report a $34 million non-cash impairment charge to its goodwill, because of the poor trading performance of its surveying business.

Surveying company Veris has today announced its technology subsidiary Aqura Technologies has been awarded $7.9 million in new contracts.

Veris has flagged operational and executive management changes following a review of the business, as the surveying services company seeks to reduce costs by around $3 million per annum.

Surveying services business Veris recorded a 27.8 per cent rise in underlying earnings for the September quarter, underpinned by a substantial cost cutting strategy, which has been welcomed by investors.

Surveying firm Veris Australia has announced the appointment of Michael Shirley as its new chief executive, replacing Brian Elton who led the company in an interim role since October last year.

Perth-based Veris has sold its advisory service arm Elton Consulting to global engineering group WSP for $13 million, in a bid to retire debt and strengthen the company's cash position.

Poseidon Nickel has made two key additions to its board and management team as it moves closer towards the restart of its flagship Black Swan operation near Kalgoorlie.

Surveying firm Veris has made a number of changes to its board, including Adam Lamond stepping out as managing director, as it deals with the impacts of the coronavirus pandemic.

Veris’s technology and communications business has secured new work with BHP and Oz Minerals, as well as a contract with Cubic Defence Australia, totalling $4.3 million.

Veris subsidiary Aqura Technologies has signed $2.2 million in contracts including with BHP, which will use the company’s communications service across its Pilbara mine sites.

Veris has been contracted by APA Group to survey a recently announced $460 million gas pipeline in Western Australia.

Perth-based Veris has been subcontracted for works at the Royal Australian Navy’s military base in Western Australia, while also winning projects in Victoria and NSW.

The telecommunications arm of ASX-listed Veris has secured its second contract from Fortescue Metals Group in recent months, for work at the Pilbara miner’s Kangi accommodation village.

Osborne Park-based Veris has been appointed to a major rail project in Sydney where it will complete surveying works under a $2.5 million contract.

ASX-listed Veris has agreed to purchase a 49 per cent stake in indigenous-owned land and construction surveying company Wumara Group.

BHP has contracted the telecommunications arm of ASX-listed Veris to upgrade in-room WiFi at a number of accommodation sites in the Pilbara.

Veris subsidiary Aqura Technologies has won its second contract from BHP this month for further work on the miner’s iron ore accommodation villages.

Perth-based Veris has revealed plans to demerge and publicly list its telecommunications business, Aqura Technologies, following a strong year of growth and significant contract wins.

ASX-listed companies have detailed roughly $2 billion in JobKeeper payments spanning the last two financial years, with only a handful making voluntary repayments.

Osborne Park-based Veris has struck a $30 million deal with Telstra, sending the surveying company's shares up by more than 25 per cent.

Subiaco-based SRG Global has secured work on three goldmines, including a satellite deposit near Red 5’s Darlot operation in Western Australia.

Veris Australia has won work on the $2.7 billion M6 motorway works in Sydney in a contract it estimates will generate up to $8 million in revenue.

Spatial data services provider Veris has announced an 7.9 per cent reduction in revenue during the first half of the 2024 financial year, citing multiple factors.

Spatial data services provider Veris will be involved in the Victorian state government's Digital Twin Victoria program, after successfully leading a 10-member consortium.