• Duratec to acquire 100% of NSW-based welding and fabrication company Pacific Welding Australia
• Acquisition enhances Duratec's self-perform capability and service offerings in Energy and Mining & Industrial sectors
• Opportunity to scale WPF's innovative solutions across East Coast Energy clients

Duratec Limited (ASX: DUR) has announced that its wholly owned subsidiary, WPF Duratec Pty Ltd, has entered into an agreement to acquire 100% of the shares in Davhold Australia Pty Ltd, trading as Pacific Welding Australia (PWA), subject to the satisfaction of conditions precedent and adherence to the ACCC's merger control regime. Established in 2010, PWA is an Australian welding and fabrication company specialising in project-based welding, mechanical services and specialist fabrication for clients across the Oil & Gas, Energy, and Mining sectors. Based in Newcastle, NSW, PWA has a team of almost 60 personnel and a 1,000m2 workshop. The acquisition supports Duratec's strategic growth by expanding its end-to-end self-perform capabilities, enhancing its service offerings nationally, and providing direct access to strategic clients in the Hunter Region. PWA is a certified consignment holder of Steel Mains MSCL pipe and licensee of Steel Mains Sintakote Coatings, and is the incumbent main contractor for fabrication, welding and mechanical services at Orica's Kooragang Island Facility in NSW. The acquisition will be funded from cash reserves and existing bank facilities, with a maximum sale price of $12 million, consisting of an upfront payment of $6 million and a maximum earn-out of $6 million contingent upon meeting a combined FY27 and FY28 EBITDA hurdle of $6.4 million. PWA will continue to operate as a premium service contractor to the Oil & Gas industry, with its growth strategy closely aligned to WPF's expansion along Australia's East Coast.

The acquisition provides a platform to accelerate penetration into New South Wales and the Hunter region, positioning the business closer to key Energy and Industrial customers and positioning WPF as a national contractor with meaningful scale and capability synergies.