Downer signs business purchase agreement with UrbanGrid

Tompkins Turner

Downer signs business purchase agreement with UrbanGrid Australia.

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Published 2 August 2017 | Download PDF

Downer is pleased to enter into a business purchase agreement with UrbanGrid Australia.

UrbanGrid Australia 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 Australia, who are an excellent cultural and strategic fit for our Utilities business," said Trevor Cohen, Executive Director, Utilities.

"UrbanGrid Australia 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 Australia brand, people and management structures will remain and will transition into Downer's Utilities business."

Urban Grid Australia were advised by Subiaco based M&A Advisory firm Tomkins Turner. The acquisition was finalised on 1 August 2017