Clough buys Canadian firm for $10.5m

Local engineering services company Clough is boosting its North American presence with the acquisition of Canada-based Enercore Projects for $C10 million ($A10.5 million).

Under the brand Clough Enercore, the new group will be established as the company’s Canadian engineering, procurement and construction project delivery arm.

Enercore had 70 engineering and technical personnel and operated in the Canadian oil and gas and oil sands sectors.

Clough chief executive Kevin Gallagher said the acquisition aligned with the company’s international expansion strategy.

“Enercore is a company that adopts a production-focused approach to maximise the value of our clients’ assets across the entire asset lifecycle, which fits well with Clough’s strategy to prove a significantly strengthened project service offering to Canadian oil and gas clients,” he said.

Clough Enercore president Greg Roemer said the business would have access to larger scopes of work in the Canadian oil and gas market, while supporting Clough’s engineering projects globally.

“We will draw on Clough’s strong engineering, construction and project management capabilities to offer a comprehensive suite of EPC services while maintaining our commitment to providing fit-for-purpose, high-quality EPCM and engineering services to our existing client base,” he said.

Last year, Clough established a presence in North America with an engineering team in Houston, Texas, and the acquisition of LNG engineering and consulting group CH-IV in Baltimore, Maryland.