Posts Tagged ‘Engineering Services’

Cardno Acquires ITC Group

Friday, February 12th, 2010

International infrastructure services group, Cardno Limited (CDD) announced that it has acquired ITC Group, an Australian based building services consulting engineering firm with offices in five Australian States and Territories and around 100 staff. ITC is expected to contribute fee revenue of around AU$20 million to Cardno annually. Cardno will pay AU$18.4m for ITC on an enterprise value basis plus a working capital adjustment of around $2m. The effective date for the transaction will be 1 January 2010 and it will be immediately earnings per share accretive. ITC brings to Cardno a broad range of new engineering disciplines including electrical; mechanical; fire; hydraulic; sustainability; facility solutions; audio/visual; asset auditing; security; vertical transportation; lighting; acoustic; telecommunications and environmental auditing.

“Electrical and mechanical engineering for the building sector is an area that Cardno has been targeting for expansion for some time,” said Cardno Managing Director, Andrew Buckley. “The complementary nature of ITC’s electrical, mechanical and specialist engineering services with Cardno’s existing capability provides an excellent opportunity for further growth through cross selling,” he said. The acquisition fits well with Cardno’s existing physical infrastructure services particularly in the areas of civil and structural engineering for buildings. “We see ITC as the perfect partner to grow Cardno’s capabilities in this area of the engineering market,” said Mr Buckley. “ITC also offers significant experience in environmental auditing and has green building rating credentials. Combining ITC’s experience in sustainability with Cardno’s existing capabilities in environmental management will place Cardno in a strong position to meet the anticipated increased demand for environmental auditing services, said Mr Buckley”. Mr Buckley said that Cardno’s balance sheet remains strong following the acquisition and the company continues to focus its strategy to grow organically and by acquisition.  “We see further strategic opportunities for Cardno through our M&A pipeline this year,” he said.  Cardno plans to announce its half year results on Tuesday, 16 February and expects to report performance in line with previous guidance.

Cardno is an integrated professional services provider, locally delivering the specialist advice necessary to create or improve the physical and social infrastructure that underpins communities around the world. Card no’s team comprises leading advisers who plan, design, manage and deliver sustainable projects or community programs. Established in 1998, ITC is a dynamic, client focused organization dedicated to providing professional engineering, sustainability and facility services with the view to delivering complete and innovative solutions that encompass all Building, Tenancy, Infrastructure and Technology Environments. ITC has offices in Sydney, Brisbane, Melbourne, Canberra and Perth.

www.cardno.com

Grou

Emerson Stewart Group Acquires Whelans (WA) Pty

Tuesday, January 26th, 2010

Emerson Stewart Group Limited (ESW) today announced an agreement to acquire Whelans (WA) Pty Ltd, a 110 person surveying, mapping and town planning business with its head office in Perth and regional offices in Karratha, Kalgoorlie, Kununurra and Broome. The deal, subject to Emerson Stewart shareholder approval, and contractual finalisation, is based on a $9million consideration and will be funded by a mix of cash and scrip in the ratio of around 60% cash and 40% shares. Up to 31 million shares, representing on completion about 23.8% of the issued capital in Emerson Stewart, will be dispersed individually amongst the 48 Whelan shareholders and are subject to a 12 month voluntary escrow. The shares will be issued at a price of 0.12 cents per share pursuant to a prospectus.

Emerson Stewart Managing Director and CEO, Mr Dario Amara, said the inclusion of an established and respected business like Whelans would complement Emerson Stewart’s growing market presence and would provide a conduit to take the business comfortably to its next stage. “In addition to expanding our client base and providing new services, the transaction will deliver significant growth opportunities throughout regional Western Australia and beyond,” Mr Amara said. Under the transaction the Whelans brand and leadership will not change. Mr Steven Cole, Chairman of Emerson Stewart, noted that the resultant balance sheet would comprise a low gearing affording ESW the necessary momentum and headroom to continue with its planned organic and strategic acquisitive growth.

Established in 2005 and based in Perth, Western Australia, Emerson Stewart is a project delivery, engineering, sciences and consultancy group providing services across mining + industry: minerals, oil and gas, chemicals, manufacturing; utilities + environment: water and environment, power generation and distribution; buildings + property: urban development, buildings and property, aviation, defense.   Emerson Stewart has a strong network of corporate customers. Serving the public and private business sectors in property and resources industries since the 1920s, Whelans is a spatial sciences company with services across surveying: land development, cadastral surveys, engineering surveys, exploration and mining surveys, specialist surveys, simurban, geoinfo solutions and custom graphics; mapping: aerial mapping, mine mapping, ortho processing; town planning: land use planning, statutory planning, strategic and community planning and development management. Whelans currently has offices in Perth, Karratha, Kalgoorlie, Kununurra and Broome. The company’s past and current clients include Government and private organizations throughout Western Australia.

www.whelans.com.au

www.emersonstewart.com

Neptune Marine Services Secures Gorgon Project Contracts

Wednesday, January 13th, 2010

Neptune Marine Services Ltd (NMS) today announced that it has been contracted to provide diving, survey and vessel support services on Chevron Australia’s Gorgon LNG project in Western Australia.

Valued at more than $5 million, the comprehensive work scope which forms part of the ‘Gorgon Initial Works’ program awarded to Marine & Civil Construction Pty Ltd includes:

  • • Installation of piping and the offshore pump station associated with the temporary desalination plant at Barrow Island.
  • • Diving support for the construction of a new supply barge facility.
  • • The provision of:
  1. Construction support (third party) and dive support (Neptune) vessels and associated crews.
  2. Offshore diving systems and associated personnel.
  3. Hydrographic/marine survey equipment and associated personnel.
  4. An offshore construction supervisor to oversee operations onboard the Marine & Civil construction barge.

Neptune’s Managing Director and CEO, Christian Lange, said the initial scope of work was very encouraging and offered the potential for further opportunities on what is Australia’s largest resources development project.  “Neptune is delighted to be involved with the Gorgon project and we see significant opportunity to expand our role as the project progresses,” he said.  “Our participation in Gorgon further illustrates the tangible benefits accruing from our strategy of providing a broad range of engineering and offshore services. It also highlights the fact that our customers are recognising the value of Neptune’s unique multi service offering.”

“The broad range of works we are initially providing bodes well for Neptune’s involvement in the numerous LNG projects that are earmarked for development in Australia between 2010 and 2012. Our recently announced project with Qatargas is indicative of the strong presence that we are forging in the LNG market.”

Mr. Lange said activity in all key offshore markets continued to improve and, in line with this, Neptune was maintaining a strong pipeline of bidding opportunities as well as a range of other growth prospects that were actively being pursued.  Work on the Gorgon project will commence in January 2010 and will contribute to revenue and earnings in the second half of FY2010.

www.neptunems.com

VDM Group Secures $14 million BHP Contract

Friday, January 8th, 2010

VDM Group Ltd (VMG) is pleased to announce that its wholly owned subsidiary, Wylie & Skene Pty Ltd, has been awarded a $14.1 million contract by BHP Billiton Nickel West Pty Ltd for work at the Talc Redesign Project at Mt Keith. The contract follows a number of recent contract successes, including a contract with Rio Tinto subsidiary Robe River Mining Co Pty Ltd for $79 million, contracts with MCC Mining and CITIC Mining for $111 million, and a contract with BHP Billiton Iron Ore for $14.2 million. With recently awarded contracts to VDM Group exceeding $200 million, the Company’s order book now stands at over $415 million. The contract involves extensive earthworks and concrete work at Mt Keith. VDM Group will be providing considerable expertise to achieve a construction methodology that is both safe and cost effective.

VDM Group subsidiary, Wylie & Skene Pty Ltd, will be responsible for the project and will work closely with another VDM Group subsidiary, Cape Crushing & Earthmoving Contractors Pty Ltd, which has considerable experience on the Mt Keith Project. The contract commences in April 2010 and is expected to be completed late 2010. Wylie & Skene’s Managing Director Mark Nagle believes that the award of this contract highlights the strength of VDM Group’s relationship with BHP Billiton and demonstrates the diverse range of building and civil works that the Group is capable of delivering for its blue chip client base. “Our dedicated team is committed to meeting the expectations of our valued customers and delivering this important project in a manner consistent with of our reputation for safety, efficiency and excellence,” Mr Nagle said.

VDM Group has established a significant footprint in the mineral and resource development sector, with its client base including BHP Billiton, Rio Tinto, CP Mining, Woodside Petroleum and Fortescue Metals Group. It is structured into three operating divisions; namely, Consulting, Construction, and Resources and Infrastructure. Within each division there are specialised companies offering a comprehensive range of services which include  civil and mechanical construction ; civil marine construction including drill and blast, armour rock production and placement;  mineral process plant design and construction; crushing and earthmoving; commercial, industrial and residential building construction; structural steel fabrication; civil, structural and protective engineering; environmental and water services; building design and master planning etc. These services enable VDM Group to deliver a one-stop design, construction and project management services to its clients.

www.vdmgroup.com

Worley Parsons Acquires Brazilian CNEC Engenharia

Tuesday, January 5th, 2010

WorleyParsons (WOR) and Brazilian conglomerate Camargo Correa today announced an agreement for WorleyParsons to acquire CNEC Engenharia (CNEC), the stand alone engineering and project management operation of the Camargo Correa E&C division. The purchase price will be BRL170.0 million comprising BRL130.0 million in consideration and BRL40.0 million which will be initially retained by the business as a non-core asset. The business’ pro-forma EBITDA (earnings before interest tax depreciation and amortization) for the year ending June 2010 is estimated to be BRL24.5 million.

The capability of CNEC, based in Sao Paulo, Brazil complements the existing capabilities of WorleyParsons’ resource and energy businesses and provides a springboard for the next phase of WorleyParsons’ growth across South America. CNEC has built a regional and international reputation in thermoelectric and hydroelectric plants, subways, ports, airports, highways, wastewater, industrial plants, refining and distributing oil and gas, petrochemical and urban development throughout Brazil and in Latin America and Africa.

Robert Edwardes, Managing Director of WorleyParsons’ United States and Latin America region commented: “The acquisition of CNEC is key to WorleyParsons achieving growth and expanding our hydrocarbons, power, infrastructure, mining and metals capability by incorporating CNEC’s globally recognized multi-discipline capabilities. CNEC will be a significant enhancement to WorleyParsons’ Latin American group. Also commenting, the President of CNEC, Mr. José Ayres de Campos said: “Joining WorleyParsons is an exciting development for CNEC, which celebrated its 50th year of business just last year. This merger of complementary talent will enable CNEC to grow geographically while adding to our core technical areas of expertise enabling us to provide our clients with a more comprehensive service both domestically and internationally.”

WorleyParsons is a leading provider of professional services to the energy, resource and complex process industries. WorleyParsons’ business has been built by working closely with customers through long-term relationships, anticipating their needs and delivering inventive solutions through streamlined, proprietary project delivery systems. With 28,800 employees in 110 offices and 37 countries, its service capability covers the entire project lifecycle: from identifying the opportunity to the operating phase. CNEC is part of the Engineering & Construction (E&C) Division of the Brazilian conglomerate Camargo Correa and became a wholly owned subsidiary in the 1990s. CNEC services the downstream hydrocarbons, minerals and metals, hydroelectric, infrastructure (transport, water/wastewater) and environmental industries of Brazil. It is an established leader in Brazil hydro-power, with a world class capability.

www.worleyparsons.com

VDM Group Secures $79 millon Contract with Rio Tinto

Wednesday, December 23rd, 2009

VDM Group (VDM) is pleased to announce that its wholly owned subsidairy , Wylie and Skene Pty Ltd has been awarded a $79 million contract with Rio Tinto’s subsidiary Robe River Mining Co Pty Ltd. The award of this contract grows VDM’s total order book value to approximately to $400 million. This contract broadens the spread of VDM Group’s order book across the major corporations of Rio Tinto, BHP Billiton, CP Mining, Woodside Petroleum and Fortescue Metals Group. Under the terms of the contract, Wylie and Skene will undertake a major refurbishment of the Pannawonica township including the refurbishment of 19 existing commercial and infrastructure buildings, and a construction of a new service station and a light vehicle workshop within the town.  The project is expected to be completed within 30 months with revenue expected to be booked in FY10 to FY12.

Wylie and Skene’s Managing Director, Mark Nagle believes this contract win highlights the depth of VDM Group relationship with blue chip clients such as Rio Tinto. “This contract continues a relationship that Wylie and Skene has built with Rio Tinto over 35 years”, he added.   “This large project builds on the success we have enjoyed with major clients including Rio Tinto and Woodside Petroleum over the past few years”.

VDM Group is structured into 3 major operating divisions namely Consulting, Construction and Resources and Infrastructure. Within each division, there are specialised companies offering a comprehensive range of services which enables it to deliver a one stop design, construction and project management services to its clients.

www.vdmgroup.com.au

Neptune Marine Services Secures $20 million In New Contracts

Friday, November 27th, 2009

Neptune Marine Services Ltd (NMS) today announced that it has been awarded a new round of international contracts for some of the oil and gas industry’s leading operators. Spanning all of the world’s major geographic regions, the contracts include- A combined services project off the West Australian coast for global exploration and production company, Apache Energy; Various pipeline stabilisation and free span rectification projects including that for the Pipeline Replacement Project 2 being carried out by Leighton International for India’s Oil and Natural Gas Corporation; A range of inspection and maintenance support services on Australia’s North West Shelf including a five-year program of inspection services for a leading FPSO operator; Design and manufacture of specialist subsea equipment for some of the oil and gas industry’s major multinationals; and Extended fabrication scope on the Pelamis Wave Power Eon Project in the UK that generates electricity from wave energy.

Neptune’s Managing Director and CEO, Christian Lange, said the new round of work, valued at more than $20 million, was indicative of the improving domestic and international oilfield service environment.

Neptune Marine Services (NMS) is one of Australia’s leading providers of engineered solutions to the international oil and gas, marine and renewable energy industries. The company employs more than 600 people in Australia, the UK, USA and Asia and provides a full suite of innovative services including subsea and pipeline engineering; commercial diving; specialist fabrication; inspection, repair and maintenance; pipeline stabilization and protection; ROV and vessel supply; hydrographic surveying and geophysical services; project management; rope access and tension netting IRM; and the patented NEPSYS dry underwater welding technology.

www.neptunems.com

Transfield Services Acquires Industrial Contract Designers

Thursday, November 12th, 2009

Transfield Services (TSE) will boost its engineering capabilities with today’s signing of the agreement to acquire Industrial Contract Designers (Asia Pacific) Pty Ltd (ICD) from Shell Australia for A$13  million. ICD’s team of 180 people delivers engineering and design of maintenance and brownfield projects to the hydrocarbons, processing and related industries.

Transfield Services’ Managing Director and Chief Executive Officer, Dr Peter Goode said today: “ICD will broaden our service offerings by giving us the ability to integrate engineering services into our   high quality maintenance and project service delivery capabilities. This acquisition will also give ICD access to a much wider range of clients in new industries such as water, power, mining and processing globally.”

Established in 1970, ICD has long-standing engineering services relationships with major petrochemical customers in Australia. Transfield Services delivers essential services to key industries in the resources and industrial, property and infrastructure sectors. A leading global provider of operations, maintenance, and asset and project management services, Transfield Services has more than 28,000 employees in Australia, New Zealand, the United States, Canada, the United Arab Emirates,  Qatar, India, Malaysia, Chile and New Caledonia.

www.transfieldservices.com

Coffey International Secures $100 million AusAID Contract

Monday, September 14th, 2009

Global  professional  services  consultancy  Coffey  International  Limited  (COF)  today  announced that  subsidiary Coffey International Development has been awarded a  A$100  million, five-year project managed and financed by AusAID for the Philippines Provincial Road Management Facility (PRMF). The project is part of an Australian Government intervention in road rehabilitation and maintenance  in the southern Philippines.  PRMF is  aimed at  increasing  economic  activity and improving public access to  infrastructure  and  services  in  the  region.  It  will  contribute  towards  this  goal  by  rehabilitating  and maintaining  a  core  road  network   in  s elected  provinces  and  by  strengthening  the  capacity  and governance systems of the Government of the Philippines.

To ensure  the  successful  implementation  of complex  projects such as the PRMF, Coffey International Development  can  tap  into  its  broad  range  of  engineering,  technology  and  project  management services .  These  are  supported  by  Coffey  International  Development’s  best  practice  approaches  to governance, institutional capacity building, environmental management  and  sustainable development. Coffey International  Development’s knowledge of Geographical  Information Systems (GIS) to capture road  information  and  the  location  of  community  services  will  also  help  targeted  provinces  improve service delivery and efficiently manage road sector plans.

Managing director Roger Olds said that he was very  pleased to see Coffey International Development going from strength to strength. “This contract is one of  several major project wins by Coffey International Development in the past six months  throughout  the  world  reflec ting  the  outstanding  strategic  work  that  has  been  done  in  this business. Coffey International Development is well plac ed to continue delivering good profit  growth as well as strengthening its position as a global player in this market. “In addition to winning new tenders, a number of contracts have been extended in the past 12 months, proving  Coffey  International  Development’s  reliable  performance  in  delivering  high  quality  services and  commitment to  the  Coffey group’s v ision of being ‘global spec ialists  solving emerging  challenges to improve the lives of communities’.”

Parent company Coffey International Limited is a global professional services consultancy providing specialist expertise in the delivery in social and physical infrastructure. Coffey International Limited (COF) has been operating for 50 years. It has a range of specialist businesses working in the social and physical infrastructure markets, and collectively, it aims to achieve our vision: to be global specialists solving emerging challenges to improve the lives of communities.

www.coffey.com

Downer EDI To Acquire Western Construction

Monday, August 31st, 2009

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.

www.downeredi.com