In a show of confidence in the longevity and strength of the Australian economy and its ability to attract ongoing investment in major capital projects, two of Australia’s largest professional services firms, WorleyParsons and Deloitte Australia today announced an Australia-wide alliance to provide advisory services.
WorleyParsons CEO Andrew Wood, said: “The strategic alliance with Deloitte is the next logical step following the recent establishment of our ‘New Ventures Group’, responsible for exploring opportunities that are aligned with but additional to our traditional areas of activity. It reflects our commitment to constantly challenge ourselves to develop new opportunities for growth, and the proven track records of both organizations in delivering world class advisory services.”
Deloitte CEO Giam Swiegers said: “The alliance with WorleyParsons will enable both firms to combine our strengths in designing, building and improving joint operations in major projects across the oil and gas, mining and infrastructure sectors and create new markets and new offerings.
“Deloitte, WorleyParsons and Evans & Peck all have proven track records in delivering world class advisory services on large complex projects for clients across borders and industry segments. The combination of our skills will create, and are already creating, new joint service offerings that are assisting our clients,” Krallis said.
David Steele, WorleyParsons Group Managing Director responsible for the alliance said that: “The cycle that characterizes advisory services is very different from the longer term and more traditional approach employed in WorleyParsons’ core engineering and project management services business.
“Even though WorleyParsons and Evans & Peck will provide the alliance with specialist advisory services, we don’t intend imitating the financial, accounting and advisory services of Deloitte, and conversely nor does Deloitte intend building the engineering services that WorleyParsons has developed over more than 30 years – we’ve agreed to team up.”
Krallis added: “It is a good cultural fit as we both have distinctive collaborative and entrepreneurial approaches to business, and share a mutual respect and understanding for the local environment, having built our reputations on local expertise and delivery backed by global experience and support.”
David Steele finished: “Despite the challenging nature of the global and near term services markets, Deloitte and WorleyParsons are confident that the pipeline of major projects in Australia will continue and that the alliance services will help our clients increase the productivity of their assets.”
Deloitte Canada and WorleyParsons have successfully pursued a strategic alliance over the past year in Canada. Deloitte South Africa and WorleyParsons are also pursuing a similar alliance in South Africa. In Australia, the alliance has been piloted since May, and has already completed a number of assignments.
LNG World News Staff, November 01, 2013; Image: