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Decmil Group Ltd Completes Acquisition Of Eastcoast Development Engineering Pty Ltd

Thursday, 18 Apr 2013 07:04pm EDT 

Decmil Group Ltd announced that it has completed the acquisition of specialist engineering business Eastcoast Development Engineering Pty Ltd (EDE). EDE services the energy, infrastructure and resource industries throughout Australia and in Pacific island nations. In acquiring 100% of the shares in EDE, the Company will make an upfront payment of AUD 19.275 million, with a further payment of up to AUD 10 million in 12 months' time based on the achievement of earnings and asset-based targets. 

Company Quote

-0.035 -2.29%
8:21pm EST