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Duratec Completes Acquisition of Pacific Welding Australia

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Duratec (ASX:DUR) said its unit WPF Duratec has completed the acquisition of Davhold Australia, trading as Pacific Welding Australia, on terms previously disclosed on April 2, including maximum consideration of AU$12 million, according to a Monday Australian bourse filing.

The company said the acquisition expands its East Coast footprint in the energy, mining and industrial sectors and strengthens its self-perform capability while providing direct access to strategic clients in the Hunter Region through existing service agreements with key clients.

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