Duratec, the Australian engineering, construction, and remediation contractor, through its wholly owned subsidiary, WPF Duratec Pty Ltd (WPF), has completed the acquisition of 100% of the shares in Davhold Australia Pty Ltd, trading as Pacific Welding Australia (PWA).
Completion of the acquisition has occurred following the satisfaction of all conditions precedent, including regulatory requirements associated with the ACCC’s merger control regime.
This follows the Company’s initial announcement on 2 April 2026 that it had entered into an agreement to acquire PWA, subject to conditions precedent including ACCC approval.
Commenting on the acquisition, Duratec Managing Director, Chris Oates, said:
“We are very pleased to complete the acquisition of PWA, which represents an important milestone in the continued expansion of our Energy and Mining & Industrial capabilities. PWA is highly complementary to WPF’s service offering and provides a strong platform to expand our presence on the East Coast, delivering enhanced capability and long-term value for shareholders.”
The acquisition strengthens Duratec’s strategic growth objectives by:
- Expanding its end-to-end self-perform capability across Energy and Mining & Industrial sectors
- Establishing a stronger East Coast presence through PWA’s Newcastle base
- Providing direct access to strategic clients in the Hunter Region
- Enhancing national service offering and positioning WPF as a scaled contractor with complementary capabilities.
PWA will continue to operate as a premium service contractor to the Oil & Gas, Energy, and Mining sectors, aligned with WPF’s growth strategy along Australia’s East Coast.
