Australian national surveying conglomerate, OTOC, has this week announced it has entered into an agreement to acquire Linker Surveying, a successful Sydney based surveying consultancy formerly known as Denny Linker & Co.
The acquisition, which is estimated to be priced at around AU$4m, is a significant strategic acquisition in a buoyant Sydney residential market and continues to deliver on OTOC’s strategy of creating a premium multi-disciplinary national surveying business.
The acquisition of Linker builds on OTOC’s existing presence in the Australian surveying market through its conglomerate of wholly owned businesses, Whelans, Bosco Jonson, Geo-Metric Surveying and THG.
Established in 1966, Linker’s origins were in traditional cadastral surveying, evolving into innovative strata and land titling solutions. Linker has completed a number of flagship residential and commercial developments in Sydney and has a blue-chip client base including Lend Lease, Billbergia, Frasers Property and Mirvac.
The principals of Linker will remain closely aligned to future performance through long-term employment contracts and a component of the purchase price being in OTOC shares and performance payments.
“Linker’s long-term history and reputation demanded that we carefully evaluate this combination with OTOC.” Linker Directors Mark Andrew and Tasy Moraitis said in an announcement. “We are excited by the opportunity to partner with OTOC in its national strategy and believe it will offer significant value to our clients and staff.”
“Through our access to OTOC’s national client network, specialist surveying equipment and financial resources, we will continue to offer a superior level of client service and have increased resources to target new growth opportunities.”
Commenting on the Acquisition, OTOC CEO Simon Thomas said, “The acquisition of Linker follows a strong first half for the OTOC Group and furthers our key strategic goal of establishing a presence in the Sydney land surveying market. Linker is a quality surveying business with an excellent reputation, strong track record and sound client base in its chosen markets.”
“Linker is a perfect addition to the OTOC Group and I look forward to working with their team. ”
For further information please visit OTOC Limited’s website.