Canberra and Sunshine Coast engineering advisory startup Relken Engineering has been acquired by KPMG, expanding its asset management and advisory practice to more than 300 nationally.
Since launching the start-up three years ago from their respective garages on the Sunshine Coast and in Canberra, Andrew O'Connor and Ben Mailler had rapidly grown and developed a profession-leading capability in asset management and analytics. Relken's team of 41 have joined KPMG Australia, which CEO Gary Wingrove said would deepen its defence engineering capabilities and broaden its expertise into power and water, rail, energy and natural resources.
“It complements other engineering capabilities acquired over last three years – namely mining services group Momentum Partners, and SGA property and environmental consultancy,” he said.
O'Connor said the firm’s analytics would further evolve by tapping into KPMG's AI and emerging technology expertise.
“Our certified asset management assessors will also plug right into KPMG’s already mature systems engineering, program management, and commercial and risk advisory to bring a ‘cradle to grave’ asset solution for clients,” he added.