Downer acquires Hawkins business in New Zealand

Media/ASX and NZX Release
8 March 2017
DOWNER ACQUIRES HAWKINS BUSINESSES IN NEW ZEALAND
Downer EDI Limited (Downer) announced today that it had signed an agreement to acquire the
construction, infrastructure and project management businesses of Hawkins, a New Zealand
company, from the McConnell Family.

The Chief Executive of Downer, Grant Fenn, said Hawkins was an excellent strategic fit for
Downer’s New Zealand business.

“Downer has a long and proud history in New Zealand that can be traced back more than a
century,” Mr Fenn said. “Today we are a leading provider of services to our customers in a range of
markets including transport, telecommunications and water.

“Hawkins is a New Zealand industry leader in construction and infrastructure and this acquisition
will complement our existing Engineering, Construction and Maintenance capabilities while also
providing a platform for growth. It is estimated that over NZ$50 billion will be invested in non-
residential construction in New Zealand over the next five years.”

Mr Fenn said Hawkins would continue to operate under its current brand.

“Hawkins was founded in New Zealand 70 years ago and its highly skilled management team has
built a strong reputation for delivering quality projects for its customers in both the public and
private sectors,” he said.

Hawkins has a number of high profile projects across its portfolio including the SH16 Lincoln to
Westgate upgrade, the construction of Auckland’s Park Hyatt Hotel, the Pier B Extension at
Auckland Airport, Wellington Airport’s Rongotai Control Tower, Wellington City Council’s Arlington
Housing Project, the Christchurch Town Hall, and the Avon River Precinct (Christchurch).

Mr Fenn said the acquisition would be funded through existing debt facilities and be earnings
accretive in its first year.

The transaction is due to be completed on 31 March.


For further information please contact:
Michael Sharp, Group Head of Corporate Affairs and Investor Relations +61 439 470 145

About Downer
Downer EDI Limited (Downer) is a leading provider of services to customers in markets including:
Transport Services; Rail; Mining; Utilities Services; Technology and Communications Services; and
Downer EDI Limited
ABN 97 003 872 848
Triniti Business Campus
39 Delhi Road
North Ryde NSW 2113
1800 DOWNER
www.downergroup.com
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Engineering, Construction & Maintenance. We build strong relationships of trust with our
customers, truly understanding and predicting their needs and bringing them world leading insights
and solutions. Downer employs about 19,000 people across more than 200 sites and projects,
mostly in Australia and New Zealand, but also in the Asia-Pacific region, South America and
Southern Africa. For more on Downer, visit: www.downergroup.com
.

About Hawkins
Hawkins was established in Hamilton in 1946 by Fred Hawkins and has steadily grown over seven
decades to become a leader in New Zealand’s infrastructure and project delivery. Hawkins
employs about 700 people and specialises in the design and construction delivery of buildings and
infrastructure that create stronger communities across New Zealand and also the Asia Pacific. For
more information on Hawkins, visit www.hawkins.co.nz


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