IKAD Engineering
IKAD Engineering is an Australian privately-held heavy mechanical and fabrication engineering firm that delivers integrated fabrication, precision CNC machining, mechanical fitting, and OEM distribution services to Defence, maritime, resources, oil & gas, and water sectors from four workshop locations across Australia.
- Company typePrivate
- Founded2002
- HeadquartersHenderson, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
What IKAD Engineering does
IKAD Engineering is an Australian private heavy mechanical and fabrication engineering firm, incorporated in 2002 and headquartered in Henderson, Western Australia. The company operates four workshop facilities across Western Australia, New South Wales, and South Australia with 150+ employees and delivers integrated engineering services spanning fabrication (carbon steel, stainless, duplex/super duplex, copper nickel, titanium), precision CNC machining (5-axis, wire EDM, large-diameter turning), surface treatment, mechanical fitting, dynamic balancing, marine insulation, and labour/equipment hire. Its core technology stack includes vertically-integrated heavy engineering workshop infrastructure such as FICEP plate processing to 125mm, 5-axis pipe cutting up to 800mm diameter, Schenck dynamic balancing to 3,000 kg, and 8 overhead gantry cranes with combined lifting exceeding 100 tonnes — underpinned by ISO 9001/14001/45001/3834-2/17025 NATA, DNVGL, PCCP, and AMPP coatings accreditations.
The firm serves five primary verticals: Defence & Naval (Royal Australian Navy, Royal New Zealand Navy, ANZAC Class sustainment under the Major Fleet Unit Group Maintenance Contract since 2009), Commercial & Offshore Maritime, Resources & Mining (iron ore, gold, lithium, alumina, nickel), Oil & Gas, and Water Infrastructure. It generates revenue primarily through project-based fixed-price and time-and-materials engineering contracts, supplemented by recurring OEM distribution and spare parts streams as authorised Australian/ANZ distributor for HEILA Marine Cranes, RENK Group gearboxes (Australasian Field Service Agent), Wärtsilä Water & Waste (from 2026), Svanehøj, Schoenrock Hydraulik, and HEID Antriebstechnik. Notable proprietary capabilities include world-first underwater repair methodologies (ZP-21 thruster bearing changeover, A-bracket bearing replacement) deployed across Hawaii, Singapore, New Zealand, Guam, and Australia.
IKAD pursues enterprise field sales combined with OEM channel distribution, with go-to-market driven by tender submissions, OEM referrals, and direct relationship management by business unit general managers for Marine/Defence, Fabrication Workshops, and Machine Shop/Mechanical. The company is privately owned, led by Group General Manager and Board Member Ben Faulkner, with no disclosed external institutional investors or parent company.
IKAD Engineering firmographics
Firmographics- Name
- IKAD Engineering
- Legal name
- IKAD Engineering Pty Ltd
- Website
- https://ikad.com.au
- Company type
- Private
- Founded year
- 2002
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- IKAD Engineering is an Australian privately-held heavy mechanical and fabrication engineering firm that delivers integrated fabrication, precision CNC machining, mechanical fitting, and OEM distribution services to Defence, maritime, resources, oil & gas, and water sectors from four workshop locations across Australia.
- Ownership category
- akta.pro rank
IKAD Engineering industry classification
Industry- Product category
- Heavy Mechanical Engineering and Fabrication Services
- NAICS
- Engineering Services (54133), Industrial Machinery Manufacturing (3332), Oil and Gas Field Machinery and Equipment Manufacturing (333132), Mining and Oil and Gas Field Machinery Manufacturing (33313)
- SIC
- Services-Engineering Services (8711), Special Industry Machinery, Nec (3559), Special Industry Machinery (No Metalworking Machinery) (3550)
- akta.pro primary industry
- Industrial & Process Engineering Consulting (BPAHAIAF)
- akta.pro secondary industries
- Water, Wastewater & Hydraulics Engineering Consulting (BPAHAIAD), Marine & Offshore Energy O&M (Offshore Wind, Platforms, Subsea Assets) (EUAEAGAO)
Keywords
Where IKAD Engineering is headquartered
LocationHeadquarters
- HQ city
- Henderson
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
IKAD Engineering business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D
Revenue model
- Heavy Engineering Project Services: IKAD generates revenue through fixed-price and time-and-materials contracts for complex engineering projects spanning fabrication, machining, mechanical fitting, surface treatment, and structural/piping work. Projects range from days to multi-year sustainment engagements. Revenue is project-based, typically bid through competitive tenders or direct OEM/client engagement.
- Fabrication and Manufacturing: Revenue from the fabrication and manufacturing of bespoke steel structures, pressure vessels, platework, pipe spools, hull repairs, and process equipment including tanks, chutes, hoppers, and radial stackers. Delivered either as standalone manufactured components or integrated into broader project scopes.
- OEM Distribution and Spare Parts: As authorised distributor for HEILA Cranes (Australia and NZ), Wärtsilä Water & Waste (Australia), and Australasian Field Service Agent for RENK gearboxes, IKAD generates revenue from the supply of original equipment, spare parts, and technical support services. This stream is recurring in nature as customers require ongoing parts and service.
- Labour and Equipment Hire: IKAD supplies skilled trades labour (welders, fitters, riggers, painters, electricians) and specialised plant hire (mobile cranes, compressors, generators, welders) for short-term shutdowns and long-term operations and maintenance. Charged on a daily or periodic basis.
- Precision Machining Services: Revenue from specialist CNC and manual machining services including 5-axis milling, turning, line boring, EDM, and surface grinding. Charged per job or project, typically as part of broader engineering contracts or standalone precision component manufacture.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom project-based pricing for engineering services |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
IKAD Engineering product offering
Product offeringCore offering
IKAD Engineering is a vertically-integrated heavy mechanical and fabrication engineering firm providing mechanical fitting, fabrication, precision CNC machining, surface treatment, insulation/rubber lining, dynamic balancing, skilled labour/equipment hire, and project management services for defence, marine, resources, oil & gas, and water sector clients across Australia. The company also operates as an authorised OEM distributor and field service agent for HEILA Cranes, Wärtsilä Water & Waste, RENK Group, Svanehøj, Schoenrock Hydraulik, and HEID Antriebstechnik across Australia and New Zealand.
Product overview
IKAD Engineering is a heavy mechanical and fabrication engineering company providing a unified suite of precision engineering services organized around seven core capabilities: Mechanical Fitting (installation, overhaul, and maintenance of complex mechanical systems), Fabrication (carbon steel, stainless steel, and exotic alloy fabrication to ISO 3834), Machining (CNC and manual precision machining), Surface Treatment (blasting, coating, painting, and metallising), Insulation and Rubber Lining (marine insulation and rubber lining), Dynamic Balancing (precision rotor balancing up to 3,000 kg), and Labour and Equipment Hire. The company also offers complementary add-on capabilities including reverse engineering (with 3D scanning technology) and comprehensive project management services. These integrated capabilities allow IKAD to deliver complete turnkey solutions from design through fabrication, machining, surface treatment, assembly, and delivery. The company serves defence, commercial vessels, resources (mining), oil and gas, and water sectors across Australia with workshops in Western Australia, New South Wales, and South Australia.
Differentiator
Problem solved
Functional benefit
Products and services
- Mechanical Fitting
Quantifiable outcome
- Pilbara Expansion Project: approximately 1,400 tonnes of platework delivered within or ahead of revised deadlines for a major lithium producer, enabling critical production milestones.
- +4 more outcomes
Companies that use IKAD Engineering
Customer profileNamed customers19 records
Segments5 records
Ideal customer profiles2 records
IKAD Engineering technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature8 records
IKAD Engineering partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and minor.
- Wärtsilä Water & WastecoreWärtsilä Water & Waste appointed IKAD Engineering as its authorised distributor in Australia (effective April 2026), establishing IKAD as the primary in-country channel to supply spare parts, products, and technical support for Wärtsilä's sewage treatment plants, vacuum sanitation systems, and grey water treatment units. The agreement specifically covers Royal Australian Navy operations (including HMAS Choules) as well as commercial and naval marine sectors across Australia. IKAD will actively promote Wärtsilä's full range of water and waste solutions to shipowners, operators, and defence programmes.
- HEILA CranescoreIKAD Engineering partnered with HEILA Cranes since December 2017 through a service agreement, later appointed as official distributor for Australia and New Zealand. IKAD provides commissioning, overhaul, repair, major rebuilds, on-site servicing, crane certification, spare parts supply, and installation and commissioning of new HEILA marine cranes. HEILA selected IKAD for their strong reputation, excellent service standards, and expertise in the Australian market. IKAD has expanded to selling new cranes and engaging local service agents in key and remote ports.
- RENK GroupcoreIKAD became the Australasian Field Service Agent for RENK MAAG, the OEMs for the gearboxes on the ANZAC Class vessels, in 2006. IKAD provides field service, maintenance, and technical support for RENK gearboxes across the Australasian region, serving both naval and commercial applications. This partnership underpins IKAD's role in the Major Fleet Unit Group Maintenance Contract for ANZAC Class sustainment.
- SvanehøjcoreSvanehøj is a leading designer for marine and offshore industries. IKAD Engineering represents Svanehøj in Australia, providing local sales, technical support, service, and spare parts for Svanehøj's marine and offshore equipment portfolio.
- Schoenrock HydraulikminorSchoenrock Hydraulik Marine Systems manufactures custom marine equipment. IKAD Engineering represents Schoenrock Hydraulik in Australia, providing distribution, technical support, and service for the brand's custom marine hydraulic systems.
- HEID AntriebstechnikminorHEID Antriebstechnik provides custom solutions for power transmission needs. IKAD Engineering represents HEID Antriebstechnik in Australia, providing local distribution and technical support for the brand's power transmission products in marine and industrial applications.
- Water CorporationcoreIn partnership with the Water Corporation, IKAD is part of the wastewater treatment projects at Beenyup and Woodmans Point. At these plants wastewater is treated and some is used to replenish groundwater for future use. IKAD was also involved in the implementation of the Water Corporations Woodman Point and Beenyup Waste Water Treatment Plants. IKAD's ongoing involvement includes support for the Degremont Desalination Plant producing 144ML/day. IKAD is committed to environmental sustainability through this water infrastructure partnership.
- Dynamic Descaler (Product Partner)minorIKAD actively uses and promotes Dynamic Descaler, a biodegradable liquid descaler that is a superior alternative to corrosive acid cleaners for dissolving water scale, lime, mud, rust, and other deposits. IKAD promotes this environmentally preferable product as part of its sustainability commitment (Working Green initiative).
Scale indicators7 records
Recent moves13 records
Expansion highlights6 records
IKAD Engineering competitors and assessment
Company assessmentDirect peers
- Monadelphous Group: ASX-listed Australian engineering and industrial services group delivering fabrication, mechanical fitting and maintenance to resources, energy and defence — overlapping heavily with IKAD's service mix.
- Duratec Australia: ASX-listed Australian asset protection, remediation and engineering services provider with defence, resources and infrastructure clients — overlaps with IKAD's surface treatment, fabrication and sustainment work.
- Maritime Constructions: Australian marine infrastructure and structural steel fabricator with comparable capabilities in heavy marine fabrication, pile driving and waterfront works.
- Forgacs Engineering & Marine: Australian marine and heavy engineering fabricator with ship repair and defence sustainment capability, directly comparable to IKAD's naval/commercial maritime and fabrication offering.
- GR Engineering Services: ASX-listed Australian engineering contractor focused on mineral processing design, construction and operations support — directly comparable to IKAD's resources segment work.
- Civmec: ASX-listed Australian heavy engineering and construction contractor with fabrication, machining and marine capability, serving defence, infrastructure and resources — closely aligned with IKAD's vertically-integrated model.
Broad incumbents
- Downer EDI: Large ASX-listed Australian infrastructure and engineering services provider with defence sustainment, rail and resources exposure — a much larger broad incumbent that competes for similar tenders.
- Thales Australia: Defence prime with significant Australian footprint in naval, land and air systems sustainment — both a customer and adjacent peer for IKAD's defence engineering work.
- BAE Systems Australia: Major prime defence contractor operating shipbuilding and sustainment at Henderson and Osborne — competes for naval sustainment work alongside IKAD as a Tier-1 incumbent.
- Clough Limited: Australian engineering and project delivery group with oil & gas, infrastructure and mining exposure — comparable on the engineering services and major-project dimensions.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
IKAD Engineering social profiles
Digital presenceIKAD Engineering compliance and trust
Trust signalCompliance8 records
IKAD Engineering financial estimates
Financial estimateRevenue estimate
Valuation estimate
IKAD Engineering leadership team
Management profileNumber of profiles
Profiles8 records
IKAD Engineering funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
IKAD Engineering M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about IKAD Engineering
What does IKAD Engineering do?
IKAD Engineering is a vertically-integrated heavy mechanical and fabrication engineering firm providing mechanical fitting, fabrication, precision CNC machining, surface treatment, insulation/rubber lining, dynamic balancing, skilled labour/equipment hire, and project management services for defence, marine, resources, oil & gas, and water sector clients across Australia. The company also operates as an authorised OEM distributor and field service agent for HEILA Cranes, Wärtsilä Water & Waste, RENK Group, Svanehøj, Schoenrock Hydraulik, and HEID Antriebstechnik across Australia and New Zealand.
Is IKAD Engineering a public or private company?
IKAD Engineering is a private company. It is classified as management employee owned and is currently operating.
When was IKAD Engineering founded?
IKAD Engineering was founded in 2002. It employs 101 to 250 people.
Where is IKAD Engineering based?
IKAD Engineering is headquartered in Henderson, United States, in the North America region.
How does IKAD Engineering make money?
Five revenue lines are on record. Heavy Engineering Project Services are the primary driver. The others are fabrication and Manufacturing, OEM Distribution and Spare Parts, labour and Equipment Hire and precision Machining Services.
Who are IKAD Engineering's main competitors?
Direct peers on record are Monadelphous Group, Duratec Australia, Maritime Constructions, Forgacs Engineering & Marine, GR Engineering Services and Civmec. Broad incumbents are Downer EDI, Thales Australia, BAE Systems Australia and Clough Limited.
Does IKAD Engineering have an API?
No public API is recorded for IKAD Engineering.
What industry is IKAD Engineering in?
IKAD Engineering's product category is Heavy Mechanical Engineering and Fabrication Services. Its primary akta.pro industry code is BPAHAIAF, Industrial & Process Engineering Consulting, with a secondary code of BPAHAIAD, Water, Wastewater & Hydraulics Engineering Consulting. Its NAICS code is 54133 and its SIC code is 8711.