Heavy engineering company, DavyMarkham has been acquired by India’s leading engineering procurement and construction company, Hindustan Dorr Oliver (HDO) – a subsidiary of 1 billion turnover IVRCL Infrastructures & Projects which provides engineered solutions and technologies in liquid solid separation applications. The acquisition provides HDO with an entry into the heavy engineering sector.

DavyMarkham’s managing director, Kevin Parkin and financial director, Duncan Hay, will continue in their current roles, along with the management team.

DavyMarkham is a 180 year old manufacturing company based in Sheffield, UK and is involved in the design, manufacture and assembly of large equipment used in the mining, quarrying, power generation, oil, gas and nuclear sectors. It supplies international markets with tunnelling and mine hoisting equipment, and also undertakes the machining of individual components weighing up to 350 tonnes. It provides total engineering capabilities for large turnkey projects, managing the whole process from engineering design, fabrication, machining to installation and commissioning of heavy and complex components and assemblies.

“It is great news for DavyMarkham’s customers, employees and suppliers, since HDO along with its parent is financially very strong, very growth orientated and dedicates itself to continuous improvement in all fields of its business,” said Mr Parkin. “There are considerable synergies between ourselves and Hindustan Dorr-Oliver, while IVRCL’s commercial aspirations in markets like nuclear energy match ours perfectly.

“DavyMarkham was on the verge of closure four years ago, but with the financial support of our buyout partners, Endless, we have been able to turn around the business and make it an attractive acquisition prospect,” he concluded.

DavyMarkham
www.davymarkham.com