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Carved up HWE assets sold

THE administrators of Henry Walker Eltin Group, McGrathNicol & Partners have announced the sale of HWE’s mining contracting and services business together with part of its Western Australian civil construction business to Clough. The business is the seventh to be divested from the group and, with turnover in excess of $600 million, was the largest in the group. HWE Mining has a presence in iron ore in the Pilbara region of WA and is active in gold, coal, bauxite, nickel and copper both in Australia and overseas. Meanwhile, Clough will pay $1 million for the business which will add $25 million in contract value to the company’s order book, it said in a statement. One of the projects included in the business is the Roe 7 Highway extension, which is an alliance between Main Roads WA, Clough, HWE and Maunsell. As part of the heads of agreement, Clough will assume responsibility for the jobs and entitlements of the HWE employees currently working on the project.

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Engineers

3rd-GHD350
4th↑AECOM300
5th↑CloughNFP
6th-Jacobs Engineering230
7th↑SNC-Lavalin190
144 engineers ranked by number of engineers in WA

Number of Employees

Engineers

Share Transactions

24/04/13
$11k Bought
24/09/10
$2.4m Sold
09/09/10
$1.7m Bought
Total value as at the date of the transaction
Source: Morningstar

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