Saunders International’s acquisition of Aqua Metro

Saunders International Limited (Saunders, ASX:SND) is an ASX-listed company specialising in engineering, construction and industrial asset services for clients in the defence, government, energy, water, resources and industrials sectors.

On 15 July 2025, Saunders announced that it had agreed to acquire Aqua Metro Pty Ltd and its associated entities (Aqua Metro) for a total consideration up to $30 million.

Established in 2016, Aqua Metro is a leading end-to-end delivery partner in the water industry, providing design, engineering and project execution services to urban and rural water authorities primarily in Victoria.

Saunders engaged BDO’s deal advisory team, led by Daniel Coote, to provide financial due diligence and sales and purchase agreement (SPA) advisory services for the transaction.