Purchase of Stevenson Engineering Limited (SEL), East Tamaki
IMG and Stevenson Engineering Limited are jointly very pleased to advise that IMG will purchase the Stevenson Engineering Limited operation based in East Tamaki.
This agreement provides a mutually beneficial outcome that enables both companies to focus on their strengths and core business activities. This acquisition will considerably enhance IMGs footprint and range of services that IMG currently offers to the heavy industrial engineering maintenance and project space. It will also provide focus to further develop and enhance the experience to SEL’s existing internal and external client base.
IMG will continue to be a close and log term partner to the Stevenson Group providing maintenance and other expertise to their mining, quarrying and ready mix concrete operations. In line with this and existing client relationships, the plan also includes building an IMG workshop facility in the Drury South Industrial Park within the next five years.
The SEL acquisition also provides an opportunity to exit and integrate our current Wiri Workshop operation into the East Tamaki Workshop.
The planned takeover date is 5th February 2017 (being start of a pay week). While this may seem a long way off, we wanted to give early notification so we can work through and develop a plan with people in both companies to ensure a smooth and seamless transition.
Stevenson have offered their full and open assistance to ensure a successful transfer. Andy Skelton will be responsible for the transition and will, along with other key people, develop a plan and update process to keep you posted on progress.
In the meantime we trust you will join us in recognising this as a significant opportunity and a key milestone in the IMG journey.