Dona Ferentes
A little bit OC⚡DC
- Joined
- 11 January 2016
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same ol... from AGM. still $0.01
This significant growth in our operations was supported by our recent strategic acquisition of Tankweld, a leading industrial engineering solutions provider based in Melbourne. As an established industrial company, embedded in the water sector since the 1940s, Tankweld has a proven project delivery capability, from design, fabrication and through to installation and commissioning. This also represents an ideal platform to support the commercialisation of Parkway’s existing technology assets. More specifically, we believe the acquisition of Tankweld represents an important countercyclical investment, to secure strategically important capabilities, which will assist us further accelerate the growth of Parkway.
In addition to the existing project pipeline, Tankweld has recently secured involvement in numerous major projects which will generate several million dollars of revenue in the year ahead, as well as enable Parkway to support the fabrication and delivery of larger scale projects with tier-1 industrial and municipal clients.
This represents a pivotal transformation for Parkway from a small-scale technology company with limited project delivery capabilities, to a provider of more significant and integrated capabilities. Parkway is now increasingly capable of delivering a diverse range of industrial water, wastewater treatment and infrastructure related projects on a turnkey Engineering, Procurement & Construction (EPC) and Design & Construct (D&C) basis.
This significant growth in our operations was supported by our recent strategic acquisition of Tankweld, a leading industrial engineering solutions provider based in Melbourne. As an established industrial company, embedded in the water sector since the 1940s, Tankweld has a proven project delivery capability, from design, fabrication and through to installation and commissioning. This also represents an ideal platform to support the commercialisation of Parkway’s existing technology assets. More specifically, we believe the acquisition of Tankweld represents an important countercyclical investment, to secure strategically important capabilities, which will assist us further accelerate the growth of Parkway.
In addition to the existing project pipeline, Tankweld has recently secured involvement in numerous major projects which will generate several million dollars of revenue in the year ahead, as well as enable Parkway to support the fabrication and delivery of larger scale projects with tier-1 industrial and municipal clients.
This represents a pivotal transformation for Parkway from a small-scale technology company with limited project delivery capabilities, to a provider of more significant and integrated capabilities. Parkway is now increasingly capable of delivering a diverse range of industrial water, wastewater treatment and infrastructure related projects on a turnkey Engineering, Procurement & Construction (EPC) and Design & Construct (D&C) basis.