Downer has acquired the remaining 73 per cent of shares of a plant services company that constructs, maintains and overhauls mechanical and electrical plant technology.
MHPS-ANZ Plant Services has been fully integrated into the Asset Services business within Downer’s Mining, Energy and Industrial Division and has entered into an Alliance Agreement which provides Downer exclusive rights to be an agent for MHPS in Australia and New Zealand.
The agreement allows both parties to offer a suite of services to the power generation and industrial markets, including engineering, maintenance, shutdown and project services, original equipment manufacturer (OEM) support and spare parts sales around Australia and New Zealand.
Originally known as Riley Dodds in 1933, the plant services company became part of the Clyde Babcock Hitachi joint venture in 1990. The company became MHPS-ANZ when Mitsubishi Heavy Industries and Hitachi established a joint venture to service power generation and industrial markets. The new agreement alliance has adopted the trading name DMH Plant Services Pty Ltd.
Downer’s Chief Executive Officer of Mining, Energy and Industrial Brendan Petersen said the acquisition of MHPS-ANZ presents a significant opportunity for Downer to immediately access specialist skills and experience in the power generation and industrial sectors.
“We are also pleased to form the alliance with MHPS Japan which is an excellent strategic fit for our PG&I business,” Mr Petersen said.
“The DMH business complements and substantially enhances our existing power generation and industrial capabilities by combining OEM know-how with technical expertise on a diverse range of sites from power stations, sugar mills and refineries to a range of industrial process plants.”