SciDev (ASX:SDV) - Managing Director & CEO, Lewis Utting
Managing Director & CEO, Lewis Utting
Source: Switzer Financial Group
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  • SciDev’s (SDV) prospective acquisition Haldon Industries has been awarded a contract for Sydney’s $2.6 billion Gateway Road Project
  • Haldon is set to design, construct and commission a sequencing batch reactor leachate treatment plant for the landmark project
  • The much-anticipated Sydney Gateway is designed to provide a high-capacity link from the city’s airport precinct, Port Botany and the surrounding road network to the newly opened St Peters Interchange
  • According to SDV, Haldon will complete the work on behalf of the NSW Government’s delivery partner, the John Holland-Seymour White Joint Venture
  • SDV expects revenue of around $1.5 million to $2 million over the contract term
  • Works are scheduled for completion in the first quarter of financial year 2022
  • SciDev shares are up 3.38 per cent, trading at 95 cents each

SciDev’s (SDV) prospective acquisition Haldon Industries has been awarded a contract for Sydney’s $2.6 billion Gateway Road Project.

SciDev is focussed on solving operational and environmental issues for sectors including water, oil and gas, mining and construction, and is due to complete its latest acquisition before the end of the quarter.

The contract will see Haldon design, construct and commission a sequencing batch reactor leachate treatment plant for the landmark project.

The much-anticipated Sydney Gateway is designed to provide a high-capacity link from the city’s airport precinct, Port Botany and the surrounding road network to the newly opened St Peters Interchange.

According to SDV, Haldon will complete the works on behalf of the John Holland-Seymour White Joint Venture, which is the New South Wales Government’s project delivery partner.

SciDev Managing Director and CEO Lewis Utting commented on the contract win.

“Through the acquisition of Haldon, we are looking forward to supporting the Sydney Gateway Project — the contract extends our presence on major infrastructure projects in the Australian market and demonstrates the calibre of project that the SciDev and Haldon teams can secure,” Lewis said.

“The integration of the Haldon business is progressing in line with expectations [and] completion is scheduled to occur in quarter four of the financial year 2021,” he continued.

“Haldon’s way of doing business to solve client water treatment problems is highly aligned with SciDev’s bespoke approach and culture, consequently providing a seamless path for the integration process.”

SDV is expecting revenue of around $1.5 million to $2 million over the contract term, with activity scheduled for completion in the first quarter of financial year 2022.

SciDev shares are up 3.83 per cent, trading at 95 cents at 4:01 pm AEST.

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