Opus International Consultants is looking at a number of potential purchases.
The company announced on Monday it had bought an Australian-based rail engineering firm, Coffee Rail, for almost $A9 million.
Chief executive David Prentice, says Opus is in a cautious growth phase, despite the challenging market and is looking out for potential purchases in Australia and Canada as the markets that offer the most potential.
He says the company is fairly open as to what market sector any acquisitions are in.
Dr Prentice refuses to say how much the company has to spend, but says it is in a fairly healthy financial position with no debt.
He expects the year ahead to be challenging but says there are opportunities in the market.