Downer EDI Limited (DOW) today announced it has signed a conditional agreement to acquire Western Construction Co, a leading provider of specialized mechanical fabrication, construction and mechanical maintenance services to the oil and gas and resources sectors.
Downer Group Chief Executive Officer, Geoff Knox, said the acquisition, scheduled for completion in September 2009, reinforces the Group’s position as a leading supplier of mechanical services to the Australian resources and energy sectors. “The acquisition of Western Construction Co enhances our mechanical construction and maintenance capabilities and further strengthens our ability to capitalise on the significant growth opportunities emanating from the energy and resource sectors, particularly the LNG and iron ore markets in Western Australia,” Mr Knox said. “This acquisition is consistent with our strategy of seeking bolt-on investment opportunities which offer value, scale and competencies adjacent and parallel to Downer EDI, with the ability to ultimately deliver a greater service offering to our customers.” “Downer’s broad design, consulting, engineering, rail and mining capabilities, combined with our strong client base across Australasia, position us well to capitalise on the significant opportunities in the region, in particular the large LNG projects earmarked for the west,” Mr Knox said.
Western Construction Co’s operations are based out of Kwinana in Western Australia. The Group carries expertise in engineering design, project management, fabrication, construction, installation, commissioning and refurbishment as well as whole-of-life plant and equipment maintenance and shutdowns. During the past 35 years Western Construction Co has successfully delivered a range of servi ces across Australasian projec ts in the oil and gas, resourc es and mining and heavy industrial sectors.
Downer EDI Limited is an Australian top -100 company that provides comprehensive engineering and infrastructure management services to the public and private transport, energy, infrastructure, communications and resources sectors, across Australia, New Zealand, the Asia Pacific region and the United Kingdom.
Tags: Dow, Downer EDI, Engineering Services, New Acquisiton
