Applecross-based PDC Group has entered into an agreement for the sale of its building information modelling management business to a US construction services firm for an undisclosed sum.
DBM Global, a steel construction services business and a subsidiary of diversified New York Stock Exchange-listed financial services firm HC2 Holdings, has agreed to buy PDC BIM, an offshoot of the engineering business.
Business News understands that DBM has also bought other assets from the group. It appears the majority of PDCs subsidiaries are being wound up by WA Insolvency Solutions, but a spokesman for the administrator said it was premature to comment on the state of the business.
Australian Securities and Investments Commission records show the subs…
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