Approved · Waiver · decided in 31 days, 2 Nov 2026
Samsung Vista C&I Australia, a provider of end-to-end engineering, procurement and construction for large-scale renewable energy projects, proposes to acquire 90% of the shares in Australian electrical engineering contractor Powertech. Powertech offers specialist electrical testing, commissioning, and smaller-scale construction services.
Samsung Vista C&I Australia Pty Ltd (Samsung C&T) proposes to acquire 90% of the shares in Powertech Pty Ltd (Powertech) (the Acquisition). Samsung C&T provides end-to-end or “full wrap” engineering, procurement and construction (EPC) services in Australia for large-scale renewable energy generation, storage and transmission projects. It is a wholly-owned subsidiary of Samsung C&T Corporation, a South Korean listed company with four business divisions involved in construction & engineering, trading & investment, fashion, and resorts. Powertech is an Australian electrical engineering contractor. It provides discrete parts of the EPC process as a subcontractor, particularly specialist electrical testing and commissioning services. Powertech also supplies some end-to-end EPC services for smaller scale projects, ongoing operations and maintenance services (O&M) and equipment hire.