Duratec Limited acquired Wilson’s Pipe Fabrication Pty Ltd

Duratec Limited (ASX: DUR) announced that it has entered into a share purchase contract to buy all of the shares, business assets, intellectual property, and undertakings owned and used by Wilson’s Pipe Fabrication Pty Ltd. The contract has a total consideration of AU$18.0 million.

Wilson’s Pipe Fabrication Pty Ltd holds direct service contracts with various blue-chip oil and gas manufacturers with long-standing relationships for approx. more than 15 years. The acquisition of WPF is a milestone in the company’s strategic plan to develop the business via complimentary business acquisitions, which provide growth in target industry sectors.

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