Altrad to acquire Valmec services group
Industrial maintenance services firm Altrad Australia intends to acquire Valmec in a $52 million deal.
Valmec is an Australian contractor providing design, construction, operations and maintenance services to the energy, resources and infrastructure sectors.
The companies announced today that they had entered into a Scheme Implementation Deed, with Valmec Shareholders will receive A$0.413 per share in cash.
Altrad Services chief executive officer, Asia Pacific Region, Neil Sadler said the acquisition of Valmec would mark a transformational milestone for the business and deliver a value-accretive step change in scale and diversity.
"Once the scheme is implemented, I look. . .
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