Process control company LogiCamms has completed the acquisition of MPA Consulting Engineers and has raised $10 million in capital, strengthening the company for future growth opportunities.
LogiCamms managing director Adam Keats said that the transactions provide LogiCamms with new capabilities and services, additional revenue diversification and added growth capability.
“LogiCamms is now positioned to provide an expanded range of services which will enable it to deliver larger and more comprehensive ‘turn key’ engineering projects, which have higher value for our clients, and for Logicamms.”
“The MPA acquisition combined with the balance sheet strength provided by the placement provides LogiCamms with a springboard for growth.”
The agreement to purchase MPA was announced by LogiCamms on 7 December 2009. MPA is an established, multidiscipline engineering firm that specialises in providing civil, structural and mechanical engineering design services for a blue chip client base in a wide range of industries.
MPA’s range of services compliments LogiCamms’ existing electrical, control and process engineering specialist business.