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#Acquisition History
Added 2 months ago

Acquisitions

·      April 2026 DUR to acquire 100% of NSW based welding and fabrication company, Pacific Welding Australia. Maximum sale price of $12m. https://announcements.asx.com.au/asxpdf/20260402/pdf/06y2s0d6wtfn8g.pdf

·      August 2025 acquires 100% of EIG for a maximum sale price of $9m. EIG is an Australian electrical infrastructure provider, specialising in fuels and fluid transfer services, including in-house consultancy and design capabilities. https://announcements.asx.com.au/asxpdf/20250801/pdf/06mf4ssgk3jvn6.pdf

·      October 2022 acquire 100% of Wilson’s Pipe Fabrication Pty Ltd (WPF). Maximum sale price of $18.0m. WPF provider of onshore and offshore engineering services to the oil and gas industry. https://announcements.asx.com.au/asxpdf/20221010/pdf/45g332qwtkvxvg.pdf

#Contract Announcement History
Added 2 months ago

Contracts Announcement History

·      May 2026 awarded $68m sub-contract for Darwin ship lift facility project. Selected by Clough BMD JV to undertake $68m contruction and commissioning works at the Darwin Ship Lift Facility. The Blast and Paint Facility project is expected to commence in June 2026, with completion anticipated mid to late 2027. https://announcements.asx.com.au/asxpdf/20260506/pdf/06z8tb56wb6qr7.pdf

·      April 2026 has advise its 50:50 joint venture with Ertech, has been awarded at $281m contract for the infrastructure upgrades to support future submarine capability at HMAS Stirling on the Diamantina Wharf at Garden Island Western Australia. Early on-site works, awarded under a separate contract valued at $9.2m, commenced on site in January 2026. https://announcements.asx.com.au/asxpdf/20260415/pdf/06yhhvdypxp7xh.pdf

·      March 2026 awarded a contract with Lihir Gold Limited, a subsidiary of Newmont Corporation in Papua New Guinea. The contract is expected to generate multi-million dollar revenue over the 12 month contract term (~A$45m) subject to scope and performance, under standard commercial terms. https://announcements.asx.com.au/asxpdf/20260327/pdf/06xw5qjhzx6s8h.pdf

·      January 2026 advise its 50:50 joint venture with Ertech, has been instructed to proceed with early procurement of approximately $5m for long lead items to assist upgrades to support future submarine capability at HMAS Stirling. https://announcements.asx.com.au/asxpdf/20260108/pdf/06v29cz2gl11k5.pdf

·      October 2024 selected in a 50:50 joint venture with Ertech has been awarded two contracts with Department of Defence for the planning phase of the maritime infrastructure upgrade and the controlled industrial facility and supporting facilities and infrastructure works at HMAS Stirling, WA. The first contract award, valued at $1.9m. https://announcements.asx.com.au/asxpdf/20241017/pdf/0696jzsl3v7xdm.pdf

·      October 2024 awarded $44m structural integrity project for Rio Tinto. The project involves the installation of strengthening steelwork in the HGHS at the ore handling facility. https://announcements.asx.com.au/asxpdf/20241011/pdf/068znshbgwk7sv.pdf

·      September 2024 secures $21.8m Energy sector project for the King Bay Supply Base (KBSB) Wharf Refurbishment, its first direct contract with Woodside Energy Ltd (Woodside). DDR secures $54.7m contract forming part of the Project Phoenix portfolio of work for Department of Defence in the Northern Territory. https://announcements.asx.com.au/asxpdf/20240910/pdf/067psnhlvfgxd0.pdf

·      June 2023 secures $30m in Mining & Industrial segment work since Mid May 2023. $19m West Angelas structural integrity remediation and Bins 3-5 life expansion works for Robe River Minijng CO. Pty Ltd. $6.8m Lake Macleod jetty structural integrity works bay 10 to 11 for Dampier Salt Limited. https://announcements.asx.com.au/asxpdf/20230622/pdf/05qwvg9b4z4z6r.pdf

·      February 2023 secures $40m in Mining & Industrial segment work in January 2023. Included $34m with Hamersley Iron Pty Ltd (Rio Tinto) https://announcements.asx.com.au/asxpdf/20230208/pdf/45ldf8lt9665qj.pdf

·      January 2023 secures $100m wharf and harbour basin upgrade project with the Department of Defence. https://announcements.asx.com.au/asxpdf/20230123/pdf/45kvg6dyzj24h4.pdf

·      December 2022 secures $48m  major contract with BHP WA Iron Ore. The project works will be undertaken at the BHP WAIO facilities berth C & D at Finucane Island. https://announcements.asx.com.au/asxpdf/20221220/pdf/45jzvf5xvg09pr.pdf

·      June 2022 secures $16.5m Department of Defence Contract. Managing the delivery of supporting facilities and infrastructure works for offshore marine vessels. The project works will be undertaken at HMAS Coonawarra (Darwin). https://announcements.asx.com.au/asxpdf/20220614/pdf/459w3mmyr9rf58.pdf

·      June 2022 secures $18.4m fuel infrastructure contract with the Department of Defence and deliver an upgrade of fuel infrastructure. The project works will be undertaken at RAAF Base Richmond (NSW) https://announcements.asx.com.au/asxpdf/20220610/pdf/459tb0kzmd56ys.pdf

·      June 2022 secures $25m in Department of Defence contracts since April 2022. https://announcements.asx.com.au/asxpdf/20220609/pdf/459sgsv1ws5s8r.pdf

·      March 2022 secures $13m major contract to manage rehabilitation of former Defence and other Commonwealth infrastructure on six Sydney Harbour Federation Trust properties. https://announcements.asx.com.au/asxpdf/20220301/pdf/456l2tpwdw9gc3.pdf

·      December 2021 secures $110m Defence subcontract in Northern Territory to deliver the New Aviation Refueling Facility at RAAF Base Tindal. https://announcements.asx.com.au/asxpdf/20211213/pdf/4542syc5y20sgp.pdf

·      November 2021 secures $50m energy contract to deliver the first stage of the Aviation  Fuel reticulation netowkr at the new Western Sydney International (Nancy-Bird Walton) Airport passenger terminal. https://announcements.asx.com.au/asxpdf/20211112/pdf/452wxgdg1qp89p.pdf

·      August 2021 secures 50:50 with Ertech to design and construct wharf. https://announcements.asx.com.au/asxpdf/20210813/pdf/44z8fzzyv5z329.pdf

·      March 2021 to commence Preliminary works on the specialist façade enhancement and re-cladding of a significant Perth CBD high-rise building. The value of the final contract is expected to be approx $63m. https://announcements.asx.com.au/asxpdf/20210309/pdf/44tgcm7bw2khf1.pdf

#Duratec Management Ownership
stale
Added one year ago

Duratec Management Ownership

Current Market Cap At $1.49 is $370.8m

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DUR Management Bio

*Note Not included Krista Bates who was Non-executiive director of DUR board until her passing announced 14 November 2024. 

Martin Brydon - Non-Executive Chair 

Mr Brydon is currently a Non-Executive Director of the Building Limited and resides in Perth. Mr Brydon has more than 30 years’ experience in the Australian construction materials and building product industries, commencing as an electrical engineer at Cockburn Cement Limited (CCL) in WA before moving into roles in operations management, sales & marketing and general management before ultimately becoming Chief Executive Limited (ABL) in 1999, Mr Brydon became Executive General Manager - Strategy and Business Development and worked closely with the Managing Director in formulating and executing strategy. This included ABL entering the downstream businesses of concrete and concrete aggregates and masonry products through a series of acquisitions. Mr Brydon was appointed Chief to the ABL Board as Managing Director in November 2015. He retired from ABL in January 2019. During his tenure, ABL grew to have a market capitalisation of over $4 billion and was included in the S&P ASX100 index. Mr Brydon is an independent Director as, in the Board’s view, he is free from any business or other relationship that could materially interfere with, or reasonably be perceived to materially interfere with, the independent exercise of his judgement. 

Christopher Oates - Executive Director – Managing Director 

Mr Oates holds a Bachelor of Science in Construction Management and Economics and has over 25 years’ experience in the construction and remediation industries. Mr Oates is a registered builder across  the business in several states and territories. Prior to assuming his role as Managing Director, Mr Oates was a General Manager and Executive Director of Duratec responsible for the general management of the Company in Western Australia and the Northern Territory where he was involved in securing and delivering a wide range of projects across numerous sectors, including mining & resources, oil & gas, water & wastewater, transport infrastructure, marine as well as direct engagement with projects on Department of Defence bases across Australia. In his role as Managing Director, Mr Oates is responsible for the overall management of the Company, Health, Safety, Environment and Quality, strategic planning, new business opportunities and risks and business development. 

Robert (Phil) Harcourt - Non-Executive Director 

Mr Harcourt has over 45 years of experience in the civil and structural engineering industry. During this time Mr Harcourt has held numerous roles including; Senior Project Engineer and CEO of Savcor Finn Pty company Savcor Group. Mr Harcourt along with two trusted colleagues established Duratec in 2010 and led the Company as Managing Director through a period of rapid growth to become a highly recognised and reputable specialist civil remediation contracting company. He resigned as Managing Director on 24 November 2023 and was appointed as a Non-Executive Director on that date. 

Gavin Miller - Non-Executive Director 

Secretary and graduate of the Australian Institute of and commercial management experience in various industries, including manufacturing, utilities and civil construction.