Heavy engineering group DavyMarkham has been acquired by India’s Hindustan Dorr Oliver (HDO), a subsidiary of IVRCL Infrastructures & Projects Ltd.
DavyMarkham is a 180-year-old manufacturing company based in Sheffield, UK and is involved in the design, manufacture and assembly of large equipment used in the mining, quarrying, power generation, oil, gas and nuclear sectors
In the past it has supplied the largest-ever steel mill stand in China and tower saddles for suspension bridges in Hong Kong and San Francisco.
The firm’s managing director, Kevin Parkin, and financial director, Duncan Hay, will continue in their current roles, along with the management team.
HDO intends to invest in new plant and equipment at the Darnall, UK works, continue the company’s apprentice training scheme and expand DavyMarkham’s sales and marketing infrastructure, in order to tap into opportunities in India. The IVRCL Group will introduce the Sheffield-based company to its existing international contacts.
When linked with the Sheffield company’s close physical and technical links to the nearby Nuclear Manufacturing Research Centre, this should enable both concerns to develop engineering and manufacturing facilities for supplying new-build nuclear energy markets. HDO also intends to build DavyMarkham’s presence in the oil, gas and power transmission markets, borrowing upon the group’s expertise and industry contacts.