Downer signs a sales purchase agreement with ITS PipeTech
Downer is pleased to enter into a sales purchase agreement (SPA) with ITS PipeTech.
ITS PipeTech provides innovative pipeline rehabilitation solutions to the water and wastewater industry, local government and industrial markets and has more than 130 employees across Australia.
“We are very pleased to sign the SPA with ITS PipeTech who are an excellent strategic fit for our Utilities business,” said Trevor Cohen, Executive Director, Utilities.
“ITS PipeTech complements and substantially grows and broadens our existing pipelines capability into an innovative end-to-end national pipelines business in the pressure and non-pressure markets.”
“The ITS PipeTech brand and people structures will remain and will transition into Downer’s Infrastructure Services Utilities business.”
Welcome ITS PipeTech to the Downer team.
The acquisition is expected to be finalised 31 March.