Energy infrastructure specialist GenusPlus Group will spend up to $400 million to buy out Brisbane-based MPC Kinetic, in a move which will give it east coast gas exposure.
Perth-based mining technology company Kinetic Logging Services has been sold for a bumper price of more than $150 million, with local investor Viburnum a big winner.
A consortium that includes local investment group Viburnum has acquired Queensland-based MPC Group, formerly known as Murphy Pipe and Civil Group, for an undisclosed sum.
Murphy Pipe & Civil has strongly denied allegations that it breached 457 visa sponsorship regulations, after the Department of Immigration and Border Protection yesterday carried out an inspection at the company's offices.
The Department of Immigration and Border Protection has raided the office of mining sub-contractor Murphy Pipe & Civil over allegations it has been assisting foreign employees fraudulently obtain work visas.
Queensland-based pipeline construction company Murphy Pipe and Civil has expanded its operations into Western Australia, opening a new Perth office in the hopes of winning further work on the state's resources projects.
