SCE Group buys Rocktec to aid Aussie push
Christchurch-headquartered Southern Cross Engineering Group aims to drive annual revenues to $100 million in five years, helped by the purchase of a contract engineering firm that specialises in the quarrying and mining sector.
SCE, one of New Zealand's largest mechanical project engineering companies, has settled on the purchase of Matamata-based Rocktec which will add 40 staff to the group.
SCE has a base in Bromley and sales operations in New Zealand and across parts of Australia.
Rocktec has been bought from the Stevenson Group for an undisclosed sum. The purchase would help SCE's diversified product push into Australia, SCE chief executive Paul Thorn said.
Rocktec had a head office and manufacturing plant in Matamata, Waikato, with an Australian-based office in Brisbane. It employed engineers, draughtsmen, metal fabricators and welders among others to provide solutions to the quarrying, mining and mineral processing industries.
Rocktec also had an international dealer and distribution network which supplies Rocktec equipment to clients worldwide.