Fortescue Metals completed the acquisition of Williams Advanced Engineering £164m.

Fortescue Metals, an iron ore company, completed the acquisition of Williams Advanced Engineering, a technology and engineering services business, for £164m. “The acquisition of WAE is an important step in Fortescue’s transition to a global green energy and resources company. We are rapidly establishing the building blocks which will allow us to fully integrate technologies, manufacturing capabilities and green energy generation and distribution to deliver across the entire value chain. The Infinity Train is an important project to be developed together with WAE, as we work to deliver on our target to decarbonise our mining operations by 2030. The Infinity Train has the capacity to be the world’s most efficient battery electric locomotive. The regeneration of electricity on the downhill loaded sections will remove the need for the installation of renewable energy generation and recharging infrastructure, making it a capital efficient solution for eliminating diesel and emissions from our rail operations," Elizabeth Gaines, Fortescue CEO.