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We are pleased to announce that Mipac is acquiring Paradigm Engineers Pty Ltd. The acquisition is expected to be completed on 29 February 2024.
Headquartered in Western Australia, Paradigm Engineers is a successful control systems and electrical engineering company that has been providing high quality engineering solutions across Australia for over 10 years.
This strategic move brings together a wealth of new capability, expertise, and value to both businesses. Initially, Mipac and Paradigm will continue to operate separately, with the potential for future integration determined following a thorough review.
Key points of the acquisition include:
Paradigm founder Garry McGrechan and the Paradigm team will stay on.
Existing projects will continue as planned, and existing Mipac clients will continue to be supported by the Mipac team.
Mipac’s vision to be the trusted partner delivering high-quality, intelligent solutions that drive performance for clients globally is strongly aligned with this acquisition. Paradigm’s well-regarded reputation and strong presence in mining will support Mipac’s strategic growth goals in Western Australia and Queensland.
There are synergies in Paradigm and Mipac’s core business and capabilities, presenting opportunities for collective growth and diversification that will add value to clients across both organisations.
We are excited to embark on this new chapter and are committed to ensuring a seamless transition that benefits all our valued clients.
Founded in 2012, Paradigm employs around 55 staff across its offices in Perth and Brisbane. The business has a strong culture and safety record across its skilled workforce.
Paradigm has a successful track record on greenfield and brownfield projects and is an industry leader in the design, programming, automation and commissioning of mining, port operations and material handling systems. They maintain long work relationships with Tier 1 mining clients in the coal and iron sectors.
Benefits to Mipac
Process controls have become increasingly relied upon as a platform to extract efficiencies and improve safety outcomes in processing operations by adopting technology and software solutions.
Advances in control systems design and product technologies and their adoption in operations are being mandated by leading industry participants to support the safe and optimised performance of assets.
The Paradign acquisition enhances our existing service offering and provides us with increased exposure to the iron ore sector and to Tier 1 clients in Western Australia.
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