Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Aquaheat positioned for growth under New Zealand owner


03 September 2012

Aquaheat positioned for growth under New Zealand owner

Engineering and contracting business Aquaheat New Zealand Ltd, has been bought back from Australian owners and is now a fully-owned subsidiary of NZX listed Horizon Energy Distribution Limited.

Horizon acquired the heating, ventilation and air-conditioning businesses of Auckland based Hastie New Zealand Ltd, Wellington based Aquaheat Industries Ltd and Christchurch based Professional Building Services on 31 August 2012.

General Manager, Paul De Bernardo, said today that Aquaheat New Zealand Ltd trading from regional bases in Auckland, Waikato/Bay of Plenty, Wellington and Christchurch, was well-positioned to leverage off the strengths of each regional business to provide fully integrated offerings of specialist building and mechanical services for commercial, industrial and infrastructure clients across the country.

“We have a total staff of 220 people with specialist skills in HVAC and mechanical services, medical gas services, plumbing and gasfitting, fire protection and roofing and cladding. Our current workload with major construction companies is strong and while we have a well-recognised and enviable track record in the construction of commercial developments, hospitals and civic facilities, we are looking to grow our relationships with industrial and infrastructure clients, an area where we have not been so active recently.”

In addition to the company’s contracting and maintenance activities, Aquaheat is also the New Zealand licencee for Colt International Ltd, a provider of smoke and fire control systems, natural ventilation, car park ventilation and solar shading. He said the recent development of new products in Europe enables Colt Products and Systems to offer the very best energy efficient and technically advanced solutions to the market.

Another key plank for growth will be the expansion of Aquaheat’s national service and maintenance operations to ensure that Aquaheat’s customers receive the very best support and service available for their assets and facilities.

Mr De Bernardo said the capabilities of the company based around 60 years in the industry, were a good fit with the aims and objectives of Horizon Energy.

Horizon CEO, Ajay Anand, said “Horizon was looking for a capacity to build a nation-wide contracting and service business operating out of the major growth centres in the country. Now we have a regional presence in Auckland, Waikato/Bay of Plenty, Wellington and Christchurch so with a strong order book and a strategic plan for expansion across the country our opportunity to grow the business is considerable.”

ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Statistics New Zealand: COVID-19 Sees Record 12.2 Percent Fall In New Zealand’s Economy

Gross domestic product (GDP) fell by 12.2 percent in the June 2020 quarter, the largest quarterly fall recorded since the current series began in 1987, as the COVID-19 restrictions in place through the quarter impacted economic activity, Stats NZ said ... More>>

ALSO:

Climate: Scientists Release ‘Blueprint’ To Save Critical Ecosystems And Stabilize The Earth’s Climate

A group of scientists and experts produced the first comprehensive global-scale analysis of terrestrial areas essential for biodiversity and climate resilience, totaling 50.4% of the Earth's land. The report was published in Science Advances ... More>>

ALSO:

MPI: Independent Review Launched Into Assurances For Safe Transport Of Livestock By Sea

The Ministry for Primary Industries (MPI) has launched an independent review of the assurances it receives for the safe transport of livestock by sea. MPI Director-General Ray Smith says Mike Heron QC has been appointed to lead the review, which is expected ... More>>

ALSO:


Computers: New Zealand PC Market Grows Nearly 40% Due To Work From Home Demand

COVID-19 had large impacts on demand for PCs as businesses prepared for lockdowns by purchasing notebooks to mobilise their workforce. In the second quarter of 2020, New Zealand's Traditional PC market experienced a 39.7% year-on-year (YoY) growth ... More>>

ALSO:

Mediaworks: Reaches Agreement To Sell TV Operations To Discovery, Inc.

New Zealand’s largest independent commercial broadcaster MediaWorks and the global leader of real-life entertainment Discovery Inc. (“Discovery”) are pleased to announce they have reached a binding agreement regarding the sale of MediaWorks’ ... More>>

ALSO:

Ministry of Health: Public Transport Distancing Requirements Relaxed

Physical distancing requirements on public transport have been reviewed by the Ministry of Health to determine whether they are still required at Alert Level 2 (or below). The Ministry’s assessment is that mandatory face covering and individuals tracking ... More>>

ALSO:

NZHIA: New Zealand Hemp Industry Set To Generate $2 Billion Per Annum And Create 20,000 Jobs

A new report says a fully enabled hemp industry could generate $2 billion in income for New Zealand by 2030, while also creating thousands of new jobs. Written by industry strategist Dr Nick Marsh, the report has prompted calls from the New Zealand Hemp ... More>>

ALSO:

Stats NZ: One In 14 Employed People Report High Risk Of Losing Jobs

About one in 14 workers say they expect to lose their job or business by mid-2021, Stats NZ said today. A survey of employed people in the June 2020 quarter showed 7 percent felt there was a high or almost certain chance of losing their job or business ... More>>

ASB Quarterly Economic Forecast: NZ Economy Doing Better Than Expected, But Challenges Remain

August lockdown estimated to have shaved 8% off NZ’s weekly GDP, and 0.5% off annual GDP Economy now expected to shrink 5% (year-on-year) by end of 2020 Unemployment rate now expected to peak at 7.2% The latest ASB Quarterly Economic Forecast is less ... More>>

ALSO:

SAFE: Live Export Ship Carrying 5,800 New Zealand Cows Goes Missing In East China Sea

Livestock carrier Gulf Livestock 1 sent a distress signal at 4:45am NZT yesterday in the East China Sea. The area is affected by Typhoon Maysak. At 4pm a patrol plane spotted a lifeboat - with no people in it - and a man in lifejacket nearby. The ship ... More>>

ALSO:

FMA: Kiwisaver Fees Don't Match Performance

The Financial Markets Authority (FMA) today published an independent report into the passive and active investment management styles [i] used by KiwiSaver providers. The FMA commissioned MyFiduciary to test the extent that KiwiSaver providers were ... More>>