Duratec, the Australian engineering, construction, and remediation contractor, through its wholly owned subsidiary, WPF Duratec Pty Ltd, a wholly owned subsidiary of Duratec, has entered into an agreement to acquire 100% of PWA for a maximum sale price of $12m (subject to final adjustment).
Established in 2010, PWA is an Australian welding and fabrication company, specialising in the provision of project-based welding, mechanical services and specialist fabrication to an extensive range of clients across Oil & Gas, Energy, and Mining. Based in Newcastle, NSW, with a team of almost 60 personnel, PWA cemented its investment in the Hunter Region through the establishment of a 1,000m2 workshop in 2022.
The acquisition supports Duratec’s strategic growth by expanding its end-to-end self-perform capabilities, enhancing its service offerings nationally, and providing direct access to strategic clients in the Hunter Region enabling Duratec to pursue additional strategic Energy and Mining & Industrial sector opportunities.
PWA is uniquely aligned to the services of WPF, is a certified consignment holder of Steel Mains MSCL pipe and licensee of Steel Mains Sintakote Coatings, and is the incumbent main contractor for fabrication, welding and mechanical services at Orica’s Kooragang Island Facility in NSW.
Commenting on the agreement to acquire PWA, Duratec Managing Director, Chris Oates, said:
“PWA is uniquely aligned to the services of WPF and provides a fantastic opportunity to scale WPF’s specialist expertise and self-perform model, while enhancing our service offering within the Energy and Mining & Industrial sectors. This targeted acquisition further establishes WPF’s East Coast base and is a continuation of our expansion strategy within these sectors, delivering on our commitment to growth and sustainable returns for our shareholders.”
The move aligns with Duratec’s broader strategy to enter critical national infrastructure markets, diversify revenue streams, and strengthen its position in high-barrier, high-value sectors, and complements the Company’s recent acquisitions of Hunter Coatings Pty Ltd, a specialist industrial painting and coatings contractor based in the Hunter Valley, and RGK Resources Pty Ltd, a WA-based specialist provider of inspection, maintenance and rope access services.
Completion is expected to occur in or before early July 2026.
