Electrical engineering business Ampcontrol has announced that it has acquired its fellow Hunter region, NSW-based business Androck Engineering & Mining, with this expected to be completed on May 31.
Androck is a company of 65, with five workshops in Rutherford. It manufactures, repairs and supplies for the underground mining sector.
A share purchase agreement was signed on May 2. The value of the acquisition was not disclosed.
Ampcontrol Managing Director and CEO Rod Henderson said there was a great opportunity to combine his company’s strengths with Androck’s.
“Androck’s extensive mechanical and machining expertise, capability, and manufacturing operations will enable Ampcontrol to further accelerate the development of our energy and electromotive solutions at scale to support industry decarbonisation,” he said in a statement on Tuesday.
Androck’s owner and Managing Director Darren Rockley – who will remain and assist in the integration of the two companies – said he was confident there would be a smooth transition for customers.
“Keeping manufacturing jobs within Australia has always been important to me. With a workforce of 65 people, I’m excited to see how the Androck product offerings and skilled people can support Ampcontrol, its customers and the wider industry to help make net zero a reality,” said Rockley.
Ampcontrol said there would be no changes in trading, workforce, operations, branding, or customer contracts and orders during the acquisition period.
Ampcontrol is Australia’s largest privately-owned electrical engineering company, employs nearly 1,000 people, and was founded in 1968. It was majority-owned by Washington H. Soul Pattinson since 2005, and became 100 per cent owned by WHSP last year.