Deloitte bolsters consulting business with Perth engineering services acquisition

Deloitte Australia has acquired Perth-based engineering services consultancy Nihar as it expands its exposure in natural resources across the global professional services firm’s consulting business.

The 70-person Nihar team specialises in full life-cycle asset management services including capital projects, operations readiness, asset management, and performance optimisation for the mining and minerals, manufacturing, oil and gas, and utilities sectors.

With the addition of Nihar, Deloitte will significantly extend the capabilities and reach of its now 260-strong asset management and performance team.

The arrival of the Nihar team also follows the Perth-based team from corporate advisory and M&A specialists Mainsheet Capital WA joining Deloitte’s Financial Advisory group in August this year.

Nihar COO and Business Development Manager Matheesha Jayasekera will become a Deloitte Consulting partner. The move builds on the capability brought by the team from Brisbane-based asset management advisory consultancy Bluefield, who joined Deloitte in late 2021.

The Nihar team will formally join Deloitte on 20 November 2023. Terms of the transaction are confidential.

Deloitte Australia CEO Adam Powick says the deal comes as the advisory firm continues to invest in high priority domains underpinned by the innovative use of technology.

“This move will bring together exceptional skills in asset management, operational readiness and engineering with Deloitte’s proven digital expertise, enabling us to deliver market leading solutions for asset intensive clients and sectors

“This move will bring together exceptional skills in asset management, operational readiness and engineering with Deloitte’s proven digital expertise, enabling us to deliver market leading solutions for asset intensive clients and sectors.”

Deloitte Australia Energy, Resources and Industrials Industry Leader Bernadette Cullinane adds that the Nihar team will further strengthen Deloitte’s existing asset management capabilities with a particular focus on supporting clients in the energy sector.

“Australia is home to a world-leading energy and resources industry whose operations are vital to a strong Australian economy and to the economies of our trading partners in the Asia Pacific region. The industry is capital and asset intensive, complex, and integrated so strong asset management is crucial to business success.

Energy and resources companies are focused on meeting growing domestic and global demand while simultaneously transforming to a lower carbon future. This requires leading asset management, maintenance, and reliability capability, coupled with digital engineering skills and tools.”

Commenting in the transaction, Jayasekera says it is an exciting move and a logical next step for the Nihar team, which has built a strong market presence across sectors that rely on heavy equipment.

“Deloitte has an equally strong national presence in this market, and we are very aligned in terms of how we can deliver value and support to the industries that are so important to Western Australia and the nation more broadly.”

Write to Adam Orlando at Mining.com.au

Images: Nihar
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Written By Adam Orlando
Mining.com.au Editor-in-Chief Adam Orlando has more than 20 years’ experience in the media having held senior roles at various publications, including as Asia-Pacific Sector Head (Mining) at global newswire Acuris (formerly Mergermarket). Orlando has worked in newsrooms around the world including Hong Kong, Singapore, London, and Sydney.