Downer signs business purchase agreement with UrbanGrid
Downer is pleased to enter into a business purchase agreement (BPA) with UrbanGrid.
UrbanGrid is a leading provider of specialist Utilities services in Western Australia, operating in the Water, Power, Gas, Communication and Civil sectors.
“We are very pleased to sign the BPA with UrbanGrid, who are an excellent cultural and strategic fit for our Utilities business,” said Trevor Cohen, Executive Director, Utilities.
“UrbanGrid substantially expands our footprint and provides us with a platform as a full-service utilities service provider to take advantage of the growing Western Australia utilities market.”
“The UrbanGrid brand, people and management structures will remain and will transition into Downer’s Utilities business.”
Welcome UrbanGrid to Downer.
The acquisition is expected to be finalised 1 August.