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Duratec Limited (ASX:DUR)

ALERT: Price-sensitive ASX Announcement for DUR
Current share price for DUR : $2.220 -0.48 (-17.78%)+
Announcement
Release
2 Apr 2026 8:17AM
Price at Release
$2.700
Full Release
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Summary
Duratec Limited, an Australian engineering, construction, and remediation contractor, announced through its wholly-owned subsidiary WPF Duratec Pty Ltd, the acquisition of 100% of Pacific Welding Australia (PWA), an Australian-owned welding and fabrication company based in Newcastle, NSW. The agreement, valued at a maximum of $12 million, aims to expand Duratec's self-perform capabilities and service offerings, particularly in the Energy and Mining & Industrial sectors, and aligns with its strategic growth objectives. The acquisition includes an upfront payment and a contingent earn-out based on future EBITDA hurdles, and completion is expected by early July 2026. This strategic move enhances Duratec's footprint on the East Coast of Australia, particularly in the Hunter Region, providing access to strategic clients and positioning the company as a national contractor with increased scale and capability synergies.
Key Points
  • Duratec Limited to acquire 100% of Pacific Welding Australia.
  • Acquisition valued at a maximum of $12 million.
  • Enhances Duratec's capabilities in Energy and Mining & Industrial sectors.
  • Completion expected by early July 2026.
  • Acquisition provides access to strategic clients in the Hunter Region.
  • Positions WPF Duratec as a national contractor with increased synergies.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.