Headquartered in Geraldton, Western Australia, DIAB is an established industrial maintenance and fabrication services business, servicing many of Australia’s leading resources companies.

CEO Greg Heylen said the acquisition was in line with BGC Contracting’s diversification strategy. “In the past year we’ve had a number of successes in our wider diversification and growth strategy which encompasses broadening our geographical spread and expanding the commodities and sectors we operate in,” Heylen commented.

“We have also assessed suitable acquisition opportunities to diversify our existing suite of contract mining and construction services. We see the facilities management and maintenance stream as a natural extension to our core business, and a significant growth area.

“The acquisition deepens our service offering, with DIAB’s specialist capabilities including construction, industrial maintenance, manufacturing, and equipment hire. DIAB’s Geraldton location also appealed to us. The City of Geraldton offers great service and logistics infrastructure and good access to major mining operations.”

DIAB CEO, Glen Payne, said he was delighted the business had attracted a buyer of BGC Contracting’s size and stature.
“I’m really pleased we have reached this milestone agreement with BGC Contracting. I think it is safe to say we hit it off from the start and there were obvious synergies in both companies’ values. For our team of more than 500 people and the Midwest community, it’s a great outcome for them to be part of the BGC family.”

Heylan added that DIAB would continue to operate with a high degree of autonomy under its existing brand.