Posts Tagged ‘Building services’

ASX Company News: Millipede Acquires Cool D’Fine

Wednesday, February 9th, 2011

The Board of Directors of Millepede International Limited (MPD) is pleased to announce that the Company has entered into a non-binding Memorandum of Understanding with Cool D’Fine Pte Ltd. CDF and its group companies are one of the leading providers of marine and offshore heating, ventilation and air -conditioning (HVAC), refrigeration and mechanical ventilation systems in the Asia Pacific region. They are contractors specializing in marine HVAC projects and related product sale for the marine, offshore oil & gas industries.

The purchase consideration for the Proposed Acquisition based on a willing-buyer-willing-seller basis, shall be an amount equal to approximately A$14 million. The Purchase Consideration shall be satisfied by the issue of that number of post consolidation shares in the capital of the Company to the Vendors that is equal in value to the Purchase Consideration, determined on a pre -consolidated issue price of A$0.008 each which is thereafter consolidated on the same basis that other shares in the capital of the Company are consolidated with shareholder approval, so that they are deemed fully paid at an issue price of at least 20 cents each.

CDF and its group companies are one of the leading providers of marine and offshore heating, ventilation and air-conditioning (HVAC), refrigeration and mechanical ventilation systems in the Asia Pacific region. They are contractors specializing in marine HAVC projects and related product sale for the marine, offshore oil & gas industries. The company excels in marine HVAC system design, fabrication and installation for a variety of applications (FPSO/FSO conversions, drill barges, drill ships, inland barges, submersible rigs, tugboat and all kinds of ocean going vessel, etc). It performs turnkey solution and handles the entire HVAC system installation, maintenance, repair and conversion. Being the leading HVAC specialist for marine offshore oil and gas industry, CDF has experienced growth in the past 12 years, and has become one of Asia- Pacific’s industry leaders with offices in Singapore, China, Malaysia and Indonesia.

www.cooldfine.com

www.millepede.com

http://www.traderdealer.com.au/Fundamentals/mpd

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ASX Company News: Hydrotech Waterproofing Solutions Secures Cathay Pacific Waterproofing Contract

Wednesday, February 9th, 2011

Hydrotech International (HTI) is pleased to announce that its subsidiary, Hydrotech Waterproofing Solutions, has secured the contract to supply the waterproofing systems to the Cathay Pacific Cargo Terminal at Chep Lap Kok International Airport in Hong Kong.

The contract is the largest Polyurea project awarded in Hong Kong to-date and positions Hydrotech Waterproofing Solutions as the leading supplier of High Performance Polyurea systems in the region. The contract requires approximately 40,000m2 of waterproofing and will comprise of 18,000m2 of Hydrotech’s Polyurea System products and the balance a self adhesive membrane that Hydrotech will obtain from an original equipment manufacturer (OEM) supplier.

The value of the contract is AUD500,000; previous contract sizes have averaged between AUD20,000 – AUD120,000. This new state of the art facility has been designed and developed with environmental consideration; Hydrotech’s Polyurea Systems have zero volatile organic compounds (VOCs) and their exceptional performance characteristics significantly reduce ongoing maintenance requirements and provide an extended life cycle for the areas they protect.

www.hydro-usl.com

http://www.traderdealer.com.au/Fundamentals/hti

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ASX Company News: Hastie Secures $200 million In New Contracts

Friday, August 20th, 2010

Hastie Group Limited (HST) announced that it had secured more than A$200 million of new work across Australia and New Zealand, the majority of which is for delivery in 2010/11.

“These recent contracts demonstrate Hastie’s position as the pre-eminent provider of integrated technical services to the building sector in Australia,” Hastie CEO and managing director David Harris said. “Hastie continues to build its order book with a disciplined approach to tendering that continues to provide consistent earnings,” he said.

Hastie Group Limited is the leading international designer, installer and maintainer of technical services to the building and infrastructure sectors – mechanical, electrical, hydraulics and refrigeration group with well established operations in Australasia, UK and Ireland, and the Middle East. It has over 7,000 employees based at over 110 locations. The group operates under brands which are well recognised in their markets, and customers include many of the largest construction companies, shopping centre groups, industrial corporations and facility managers.

www.hastiegroup.com.au

http://www.traderdealer.com.au/Fundamentals/hst

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Hastie Group Acquires Two Companies

Friday, November 20th, 2009

Hastie Group Limited (HST), the leading international building services and refrigeration systems group, has expanded its coverage of the northern Queensland and northern New South Wales markets with two acquisitions, increasing its recurring revenue base. The businesses have combined revenue of approximately $35 million and employ more than 100 service technicians. The combined initial purchase price, paid in cash, represents an average EBIT multiple of 2.8x, with  the opportunity for further performance-based earn-out payments over two years.

James + More provide multi-trade air conditioning and electrical maintenance services from offices in Cairns and  Townsville. It is recognised as the leader in the north Queensland market, with a strong customer base, and will enable Hastie to service its national customers, and capitalise on the projected growth, in the north Queensland market. Established in 1997, James + More services customers in the government, defence, resources, retail, commercial offices and hospitality sectors and will open up further installation opportunities for Hastie’s Mechanical & Hydraulics and Electrical divisions. Cool-it, based in Tweed Heads, NSW, services and installs air conditioning equipment for the commercial and residential markets from Coffs Harbour, NSW to Yeppoon, Queensland. It has strong relationships with project home builders, especially on the Gold Coast, and a growing presence in the premium apartment and nursing home markets.

‘These two acquisitions are in line with Hastie’s strategy to increase recurring maintenance revenue and expand our geographic coverage,’ said Mr David Harris, Group Managing Director and CEO of Hastie. ‘Both businesses are leaders in their markets, with strong growth expected over the coming years.’

Hastie Group Limited is the leading commercial and industrial air conditioning, mechanical, electrical, hydraulics and refrigeration group with well established operations in Australasia, UK and Ireland, and The Middle East.

www.hastiegroup.com.au

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Building Services Still Booming

Thursday, February 26th, 2009

Hastie Group Limited, the leading international building services and refrigeration systems group, today announced a 119 per cent increase in profit after tax to $32 million for the half year to 31 December 2008.  Revenue increased by 82 per cent to $923 million and earnings per share grew by 58 per cent to 19.4 cents.  These results include contributions from Rotary which was acquired in April 2008. 

The directors have declared a fully franked interim dividend of 7.0 cents per share, payable on 17 April 2009 to shareholders on the register at 6 March 2009. 

“This strong result reflects the resilience of Hastie’s operations during these challenging times,” said Mr. David Harris, Group Managing Director and CEO. “The group’s continuing contract wins and 20 per cent organic growth demonstrate the robust nature of its strategy and business model, which provides diversification across sectors and regions.” 

http://www.hastiegroup.com.au/

 

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