Monadelphous to acquire BMC in Victoria

Monadelphous to acquire BMC in Victoria

Monadelphous Group Limited (ASX: MND) has entered into an agreement to acquire BMC, a Victorian-based mechanical and electrical services business, as part of the large engineering company’s strategic move into the east coast energy generation, transmission and storage market.

BMC provides specialist high voltage and instrumentation installation, calibration and maintenance services across the power, petrochemical, pulp and paper, mining, oil and gas and renewables sectors.

It services major industry and key utilities throughout Australia, employs about 180 personnel and generates about $60m in revenue per year.

This acquisition will support Monadelphous’ efforts to continue supporting Australia’s transition to clean energy, particularly as a maintenance services provider to the growing offshore oil and gas decommissioning sector on the east coast of Australia.