NRW Holdings Limited has entered into an agreement with RCR Tomlinson to acquire the assets of RCR Mining and RCR Heat Treatment.
NRW told the ASX today the $10 million purchase was expected to be completed within the next two weeks.
RCR Mining and Heat Treatment form part of the original RCR Tomlinson business established over 100 years ago.
RCR Tomlinson, which went into administration in November last year, was involved in a number of solar farm projects in Queensland.
However, its solar business was shut down after it went into administration.
RCR Tomlinson had been forced to write down $57 million from its Daydream and Hayman solar farms contract in Central Queensland.