AUSTRALIA

Clough takes HWE unit

ENGINEERING group Clough Limited has made its first strategic move since South African Murray & R...

Clough takes HWE unit

While it does not affect the oil and gas divisions of Clough the move will add $25 million of contract value to its order book for the acquisition price of about $1 million, according to Clough CEO and managing director, David Singleton.

“This acquisition will secure the jobs of HWE employees currently working on the Roe 7 highway extension project [and] will ensure continuity of the Roe 7 project schedule and budget," he said.

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