As of 1 December 2010 Peter White-Robinson has signed a conditional sale and purchase agreement to sell his shares in Fitzroy Engineering, Fitzroy Engineering Australia and his shareholding in Fineline Services to Dialog Group Berhad (Dialog) of Malaysia (90%) with current Fitzroy Engineering Group Managing Director Richard Ellis owning 10%.

Richard Ellis

Fitzroy Engineering was established in the late 1950’s and Peter has been the sole owner since 1992.  Under Peter’s guidance and wealth of engineering and business experience the company has grown dramatically to be one of New Zealand’s largest heavy fabrication and multi-disciplined companies, attracting key maintenance contracts, and key involvement in some tremendously exciting engineering accomplishments.

Dialog Group Berhad was founded in 1984 and has grown into one of Malaysia’s leading integrated specialist technical services providers to the oil, gas and petrochemical industry. Dialog’s services encompass activities in:

• Logistic Services – Tank Terminals & Supply Base

• Specialist Products and Services

• Catalyst Handling Services

• Plant Maintenance

• Engineering & Construction

• Fabrication

• ePayment Technology & Solutions

Dialog is listed on the Main Board of the Malaysian stock exchange and reports 2010 revenue of approx $NZ 474m. Dialog currently employees approximately 1600 people and the Fitzroy Engineering acquisition will bring that number to over 2000.

Based in Kuala Lumpur, with offices and facilities in Malaysia, Singapore, Thailand, Indonesia, Vietnam, China, Hong Kong, Australia, Saudi Arabia, United Kingdom and USA, Dialog has business interests and customers throughout the Asia Pacific region, the Middle East, Europe, Africa, USA and South America.

The Fitzroy sale to Dialog is a fantastic opportunity to strengthen and grow the Fitzroy brand, and Peter is immensely proud that the company will continue to move forward under the Dialog group of companies.  Dialog are a very similar company to Fitzroy Engineering in that they are heavily involved in the hydrocarbons engineering sector, and have maintenance, construction and fabrication divisions.  Dialog sees Fitzroy Engineering as being a leader in heavy fabrication with a very good reputation in the Australasian market, and able to enhance the Dialog maintenance and construction divisions.  Dialog have a very strong forward order book and are looking to Fitzroy Engineering to support the execution of this workload.

Peter White-Robinson

The sale becomes unconditional on 31st March and from a practical perspective it is business as usual for everyone at Fitzroy Engineering.      The Dialog website address is   www.dialogasia.com

To our valued clients and colleagues, please feel free to contact us at Fitzroy Engineering to discuss this.