News Eiffage buys up three Spanish companies Eiffage Énergie Systèmes, a subsidiary of France’s Eiffage, has had a busy summer in Spain. It already has 5,000 staff there, and annual revenues topping €1bn, but it wants to…
News Japan’s Taisei offers $878m to buy rival Toyo Construction Japanese construction giant Taisei Corporation has announced a US$878m (¥130bn) acquisition of Toyo Construction for the equivalent of ¥1,750 per share. If accepted, Toyo Construction will become a fully owned…
News Mace buys 50-person US consultant Mace Consult will acquire the US cost consultant and project management company Turton Bond for an undisclosed sum. The deal aims to boost Mace Consult’s presence in the Americas, where…
News Turner & Townsend acquires Egyptian consultant UK consultant Turner & Townsend has acquired Egypt-based cost management and quantity surveying firm, ValueMetric Consultants (VMC), for an undisclosed sum. It lets Turner & Townsend move into Egypt’s growing…
News UK contractor moves into Australia with acquisition OCU Group, a contractor based in Stockport, UK has announced its entry into the Australian market through the acquisition of multidisciplinary All Energy Contracting (AEC) for an undisclosed sum. AEC…
News “Logical next step”: India’s Tata Motors to buy Italy’s Iveco for €3.6bn India’s Tata Motors has announced a €3.6bn acquisition of the vehicles arm of Italian car and equipment manufacturer Iveco. The cash deal is equivalent to €14.1 per share and is…
Companies Vinci to buy German HVAC specialist Vinci Energies has signed an agreement to acquire German HVAC specialist Zimmer & Hälbig for an undisclosed sum. Founded in 1974, Zimmer & Hälbig generated revenue of €96m last year.…
Companies Goldman Sachs acquires majority stake in UK’s Mace Consult Financial giant Goldman Sachs has acquired a controlling stake in Mace Consult, the consultancy arm of UK-headquartered company Mace. The deal is described as a “carve-out” from Mace Group, with…
News UK’s Amey re-enters Australian market with acquisition UK engineer and asset manager Amey has re-entered the Australian market through its acquisition of Premise, a multidisciplinary consultancy it has bought for an undisclosed sum. The move is part…
News Stantec buys New Zealand engineer Canadian consultant Stantec has bought the Cosgroves, a building engineering company based in Auckland that employs 90 staff. Stantec says that the acquisition will increase its fire engineering, M&E, hydraulics,…
Machinery, News Volvo CE buys own dealer for $700m to boost German sales Construction equipment maker Volvo CE has announced the acquisition of its Swedish dealer Swecon for $700m. Swecon sells construction machines in Sweden, Germany and the Baltic States. Volvo bought it…
Companies WSP to buy 110-year-old UK engineer Ricardo for $489m Canadian engineer WSP plans to acquire British environmental and consulting engineer Ricardo for around US$489m. The 430-pence-per-share price is equivalent to 10.4 times Ricardo’s 2024 pre-IFRS 16 underlying EBITDA (earnings…
News Züblin acquires Bauer’s Austrian civils business Strabag subsidiary Züblin has acquired the Austrian special civil engineering arm of Germany’s Bauer for an undisclosed price. Züblin said the deal adds Bauer Spezialtiefbau’s piling expertise to its own…
News Belgium’s Deme acquires stake in Bauer Offshore, plans full acquisition Belgian marine contractor Deme says it has purchased a 50% stake in Germany’s Bauer Offshore Technologies for an undisclosed amount, with the option for a full acquisition within the next…
News Manitou acquires French engineer’s entire robotics division French construction machinery maker Manitou Group has acquired the entire robotics division of French specialist engineering company Sitia, saying it wants to establish robotics as “a salient pillar of innovation”.…
News Stantec buys Irish engineering consultant Canadian designer and engineer Stantec has announced its acquisition of Irish engineering and environmental consultancy Ryan Hanley, hoping to boost its presence in the Irish water sector. Stantec and Ryan…
Companies Germany’s Drees & Sommer acquires US consultant VVA German construction consultant Drees & Sommer has acquired US project and cost consultant VVA in a bid to expand in North America. Stuttgart-registered Drees & Sommer employs some 6,500 people…
News Saint-Gobain buys construction chemicals manufacturer Fosroc French materials company Saint-Gobain has completed the acquisition of construction chemicals manufacturer Fosroc for an undisclosed amount. Through the purchase, Saint-Gobain hopes to move into high-growth markets in light and…