Hawkins Group Ltd has sold Harker Underground to new owners Abergeldie Complex Infrastructure and the Harker family.
Abergeldie is a leading shaft and tunnelling company in Australia. “We are excited to invest in Harker,” says Abergeldie founder and executive chairman Mick Boyle. “Harker has a strong reputation built over 30 years, good equipment and very capable people. Most importantly for me Harker has a culture similar to Abergeldie based on safety, innovation, hard-work, fairness and building better communities.”
Established in 1988, Harker is one of New Zealand’s most respected tunnelling and micro-tunnelling companies. Hawkins purchased Harker from its founder Graeme Harker six years ago and since then it has grown and diversified. The governance and management systems have been strengthened and its equipment has had significant investment. Harker is now acknowledged as an industry leader.
Mike Harker, the son of Graeme Harker, and Abergeldie have jointly purchased the equipment and business of Harker Underground Limited. Abergeldie will own 80% and Mike Harker 20% of Abergeldie Harker Limited. It is expected that the transaction will be completed on 28 February 2017.
“I am delighted that the Harker family will once again own a share of the business my father founded,” says Mike Harker. “My brother Phillip will also continue to be a key member of staff. I have no doubt that Abergeldie Harker will be very good for our employees and our clients and continue my father’s legacy.”
Abergeldie and Abergeldie Harker will share technical expertise, personnel and equipment. “It will strengthen our tunnelling and shaft capabilities in both New Zealand and Australia and make us leaders in both countries,” says Boyle.
As well as shaft and tunnel construction Abergeldie Harker will bring to the New Zealand market some of the niche capabilities that Abergeldie has developed such as shaft sinking by blind boring, pipe relining, excavation by blasting as well as our capabilities in the water and rail sectors.
Matt Mules, Harker National Manager, has been appointed General Manager of Abergeldie Harker.
Visit the Abergeldie website for more information or contact Matt Mules on 027 445 5635.