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Samsung C&T Acquires Perth-Based Powertech in Deal Worth About $100 Million
Samsung C&T buys Perth-based engineering firm Powertech in a deal worth about $100 million.
Key points
- Powertech is an engineering, procurement and construction business based in Perth.
- The deal is worth about $100 million.
- Samsung C&T is most interested in Powertech's 300 or so engineers and technicians.
Why it matters. The deal gives Samsung C&T access to Powertech's in-demand workforce as it seeks to ride the energy transition wave.
South Korean giant Samsung C&T has scooped up engineering, procurement and construction firm Powertech, based in Perth, Australia, in a deal reported on November 2, 2026. The deal is worth about $100 million, and Samsung C&T is most interested in Powertech's 300 or so engineers and technicians. The move is aimed at tapping that in-demand workforce to ride the energy transition wave.
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Samsung C&T Acquires Perth-Based Powertech in Deal Worth About $100 Million
Samsung C&T has acquired Powertech, a Perth-based engineering, procurement and construction business, in a deal worth about $100 million. A pitch prepared by PwC earlier in the sales process forecast that Powertech would make $115 million in revenue and $8.9 million in EBITDA. Samsung C&T is most interested in the company's workforce of about 300 engineers and technicians. The acquisition gives the South Korean group access to a ready pool of engineering talent as demand grows for energy transition projects.