The ALS Group of Namibia has acquired a stake in Nexus Group Holdings.
Although the value and terms of the transaction were not disclosed, the investment is aimed at expanding the combined group’s presence in Namibia’s growing mining, construction and infrastructure sectors by combining ALS’s expertise in contract mining, earthmoving and plant hire with Nexus’s established civil engineering and construction business.
The companies said the partnership positions the enlarged group to compete for major projects across contract mining, earthmoving, civil infrastructure, roads, buildings, plant hire and property development as investment in Namibia’s mining and infrastructure sectors accelerates.
Nexus has operated in Namibia for more than 48 years, delivering projects across all 14 regions, including roads, bridges, hospitals, schools, water infrastructure, housing and mining developments.
The company employs more than 750 people through its Building and Civils, Nexus Ino Mining and Nexus Plant Hire divisions.
Founded in 1989, ALS has grown into a regional contracting group operating across contract and open-pit mining, plant hire, construction, haul roads, property development and agriculture, supported by one of Southern Africa’s largest earthmoving fleets.
As part of the transaction, Wouter Joubert has been appointed Managing Director Designate and will assume the role following a six-month transition period.
Current Managing Director Jan-Hendrik Engelbrecht will remain with the business in a senior consulting role after leading the company’s growth first as Head of the Building Division and later as Managing Director.
Former Deloitte partner and Bell Equipment Chief Executive Leon Goosen has been appointed Executive Chairman and will lead ALS Namibia following its investment in Nexus.
The companies said the partnership will focus on investing in people, expanding equipment fleets, strengthening technical capabilities and developing local skills to support Namibia’s growing pipeline of mining and infrastructure projects.
They added that the transaction marks the beginning of a long-term growth strategy aimed at building a larger Namibian contracting business capable of competing for complex projects while creating employment and supporting economic development.
