Contact Energy grows geothermal capability with Western Energy Services acquisition

7 April 2021

Buddle Findlay has advised Contact Energy on its acquisition of Western Energy Services.  Contact purchased 100% of the shares in Western Energy Services, a specialist geothermal well service company based in Taupō, on 31 March 2021.

Wellington Corporate partners Renee Stiles and Steve Nightingale led the transaction, with support provided by Nicola Boyce-Bacon, Miriam Andrews, Danielle Brittain, Tony Dellow and Anna Parker.

Contact and Western Energy Services have worked closely together over a number of years to jointly develop innovative technology that has materially lowered the cost of Contact’s geothermal operations.

NZX announcement:  Contact buys geothermal specialists Western Energy Services - NZX, New Zealand’s Exchange