Powertech acquisition
Samsung C&T has acquired Australian high-voltage engineering specialist Powertech. The acquisition is expected to accelerate its expansion in Australia's clean energy market.
Australian energy publication ESS News reported on November 2, local time, that Samsung C&T had acquired a majority stake in Powertech for A$100 million, approximately KRW 94 billion.
The publication said the acquisition gives Samsung C&T access to about 300 high-voltage technical personnel, enabling it to reduce risks in the gigawatt-scale battery energy storage system (BESS) projects it is pursuing in Australia.
Powertech's management plans to retain a minority stake and remain involved in management. Headquartered in Perth, Western Australia, Powertech specializes in high-voltage engineering. It provides turnkey engineering, procurement and construction (EPC) solutions for the power and electrical sectors, covering engineering and design, construction and installation, commissioning, and operations and maintenance.
The company is expected to record revenue of A$115 million, approximately KRW 110 billion, and EBITDA, or earnings before interest, taxes, depreciation and amortization, of A$8.9 million, approximately KRW 8 billion, in fiscal 2026, running from April 2026 through March 2027. The acquisition price is about 11 times EBITDA.
Australian BESS projects
The Powertech acquisition gives Samsung C&T a vertically integrated Australian BESS business.
Since entering the Australian energy market with the Melbourne Renewable Energy Hub (MREH) project in 2023, Samsung C&T has been carrying out BESS projects totaling 2.9 GWh.
The MREH BESS project is Australia's largest single BESS project, with storage capacity of 1,600 MWh. Its total project cost is A$200 million, approximately KRW 190 billion. A related article dated December 1, 2023, reported exclusively that Samsung C&T had won an Australian BESS project worth KRW 170 billion.
Samsung C&T also won the Nawarre BESS project in Victoria, Australia, worth approximately KRW 200 billion, in July 2025.
Original Korean article: theguru.co.kr
English brief by Korea Wind Intelligence, koreawindintel.com
