Abergeldie invests in NZ microtunnelling experts
Abergeldie has invested in New Zealand microtunnelling experts Harker Underground, one of the country’s most respected tunnelling companies.
Abergeldie and Mike Harker, whose father Graeme founded Harker Underground’s in 1988, have collaborated to purchase the business and its equipment from Hawkins, who has owned the company for six years.
Mr Harker said “I am delighted that the Harker family will once again own a share of the business my father founded. My brother Phillip will also continue to be a key member of staff.”
“I have known Mick Boyle and Abergeldie for around seven years and I have no doubt we will work well together and Abergeldie Harker will be very good for our employees and our clients and continue our father’s legacy.”
Abergeldie Harker will bring new capabilities to the New Zealand market, such as shaft sinking by blind boring, pipe relining, excavation by blasting, as well as capabilities in the water and rail sectors.
Abergeldie Executive Chairman Mick Boyle said “Harker has a strong reputation built over 30 years, good equipment and very capable people.
“Most importantly for me Harker has a culture similar to that of Abergeldie based on safety, innovation, hard-work, fairness and building better communities.
“The investment by Abergeldie in Harker will allow Abergeldie and Abergeldie Harker to share technical expertise, personnel and equipment.
The transaction is expected to be completed by the end of the month, with Abergeldie owning will 80 per cent and Mr Harker 20 per cent of the new company.
Harker National Manager Matt Mules has been appointed General Manager of Abergeldie Harker.
For more information visit the Abergeldie website.
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