Engineering solutions company Hindustan Dorr-Oliver (HDO), part of Hyderabad-based IVRCL Infrastructures and Projects Ltd, has acquired Sheffield-based DavyMarkham, a 180-year-old company involved in design, manufacture and assembly of large equipment used in mining, power, oil, gas and nuclear sectors.
DavyMarkham’s managing director, Kevin Parkin, and financial director, Duncan Hay, would continue in their current roles, with the rest of the management team.
HDO works across the oil and gas, power and uranium sectors. It is to invest in DavyMarkham, to expand the sales and marketing infrastructure to tap opportunities in India.
“There are synergies between DavyMarkham and Hindustan Dorr-Oliver,” Parkin said in a press release.
The company further added the former company had been on the verge of closure four years earlier, but was turned around with the financial support of its partners.
