PERTH: Engineering and remediation contractor Duratec Ltd. has acquired 100% of AMD Electrical Pty Ltd., trading as EIG Australia, in a deal worth up to 9 million Australian dollars, the company announced Friday.
The acquisition strengthens Duratec’s position in the national fuel infrastructure market and expands its self-perform capabilities across the Defence, Mining & Industrial, and Energy sectors. EIG, based in Canning Vale, Western Australia, specializes in electrical infrastructure for fuels and fluid transfer, with in-house consultancy and design services.
Duratec said the purchase includes an upfront cash payment of A$4.55 million, A$650,000 in Duratec shares, and a potential earn-out of A$3.8 million contingent on EIG meeting a combined EBITDA target of A$4.4 million for fiscal years 2026 and 2027.
EIG has forecasted FY26 revenue of A$14 million and EBITDA of A$2.3 million.
“This acquisition allows us to scale specialist expertise and deliver strategic outcomes across key sectors,” said Duratec Managing Director Chris Oates. “We’ve worked with EIG for years and understand the value they bring.”
EIG’s senior management, including Managing Director Daniel Johnson and Commercial Operations Manager Aldo Merlo, will remain with the company for at least two years. Duratec will also assume EIG’s facility lease in Canning Vale.
The move aligns with Duratec’s strategy to diversify revenue streams and enter high-barrier, high-value markets. The company plans to leverage EIG’s capabilities to support Defence fuel infrastructure upgrades, expand mining operations in the Pilbara and Goldfields, and pursue energy transition initiatives.
Duratec previously integrated WPF, another specialist contractor, and said the EIG acquisition follows a similar path of unlocking value through targeted growth.
Duratec Ltd. is listed on the Australian Securities Exchange under the ticker DUR.