Through the acquisition, Dyna-Mac will secure access to Exterran’s yard facilities of some 4.5 hectares along Gul Road, which will provide additional fabrication capacity. The company says this will enable it to undertake larger projects, more complex modular construction work, as well as those involving hydrogen and ammonia piping.
Dyna-Mac Holdings (SGX:NO4
) has acquired 100% of the total issued and paid-up share capital of Exterran Offshore for US$8.25 million ($10.9 million)
On Jan 3, the company announced that it had signed a share purchase agreement for Exterran, with the latter set to be integrated into the group and renamed to reflect its new Dyna-Mac branding.
