McKay Group has closed Acquisition of Downer Tenix Kawerau
McKay Group has closed on Acquisition of Downer Tenix Kawerau Branch, increases access to mechanical, electrical and automation engineering services.
For immediate release - July 2nd, 2015 - McKay Group today announced that the Company has closed on the acquisition of a Downer Tenix branch in Kawerau, Bay Of Plenty. This branch is now officially included in McKay Group’s line up of operations, all of which provide turn-key solutions to their clients including; electrical engineering and systems integration; automation and control engineering; software engineering and development; electrical contracting; marine electrical; electrical maintenance, mechanical engineering and switchboard design and manufacture.
According to Downer management, Downer reviewed this part of the Tenix business and determined that it did not fit with their core business or growth strategy and therefore decided to sell. Downer recognised that the business unit had great people with exceptional experience and expertise and that they served many of Downer’s existing clients. Downer were eager to ensure that the business was sold to a company that would support and grow the team and capability in Kawerau and provide a seamless service to their clients.
Along with the business unit, McKay has acquired a team of skilled professionals who are electrical and control systems engineers, electricians, instrument technicians, and mechanical fitters and will use the additional resource to provide a unique service offering to a new region.
“The acquisition of the Downer Tenix Kawerau branch, is a win for the local community and the broader Bay of Plenty region”, said Lindsay Faithfull, Managing Director of McKay Group. “The new Kawerau business will continue to provide electrical and control system engineering, instrumentation, electrical, and mechanical fabrication/ fitting services to the major industrial and power generation clients in the central North Island. We believe that buying this business is a great way for McKay to increase our presence and growth within the New Zealand market”.
The array of new services will be spread across McKay’s Group of Companies; McKay NZ, McKay USA, MGE New Zealand (switchboard manufacture). According to Andrew Edwards, McKay’s Chief Operating Officer, the new resources will strengthen McKay’s various brands whereby customers operating within industrial, commercial, infrastructure and marine markets can take full advantage of an elevated service that accesses local, New Zealand resources.
“New customers of McKay can expect a company that has a down to earth customer first approach, with unrivalled experience and technical expertise in the electrical and engineering industry” said Edwards “McKay’s commitment to providing innovative solutions to customers and the community is at the company’s core as we continually strive to be at the industry forefront in technology and innovation”