Gamuda Berhad’s wholly owned foreign sub-subsidiary in Australia, DT Infrastructure Pty Ltd has executed an asset sale agreement to acquire the Australian transport projects business from Downer EDI Works Pty Ltd and VEC Civil Engineering Pty Ltd for an enterprise value of AUD212 million (equivalent to RM636 million.
DTP is a distinct business unit under Downer that provides civil construction services in delivering transport projects for its customers, with specialist rail capability. DTP operates across Australia and primarily generates revenue from government clients, with a smaller share coming from private projects.
Its customer base, contacts and geographical exposure are mainly in New South Wales, Western Australia and Victoria. Some of the key projects currently carried out by DTP are in relation to rail line upgrades and duplication, rail extension, rail maintenance, service signalling and communication maintenance, and freeway upgrades. Upon completion of the Proposed DTP Acquisition, the corporate structure of the engineering and construction arm of the Gamuda group of companies in Australia shall be as follows:
The Proposed DTP Acquisition involves DTP’s current projects with a forecast work-in-hand of approximately AUD2 billion, circa AUD30 million of plant and equipment assets, and over 1,000 associated employees across five Australian States, namely New South Wales, Victoria, Queensland, South Australia and Western Australia and one Territory, Northern Territory
With the Proposed acquisition, Gamuda will be tapping into DTP’s in-house capabilities and track record namely track infrastructure, light rail, stations, rail overhead lines, signalling, communications & integration, rail maintenance, specialist plant services and road & bridge construction.
