Swiss cement-maker Holcim has agreed to acquire German building materials, walling, and insulation specialist Xella in a deal valued at €1.85bn. Xella employs around 4,000 people, including 200 sales staff,…

Spain’s FCC Construcción has announced it will sell a further 25% of its environmental arm to Canadian state private-equity company CPP Investments for €1bn. FCC will continue to hold a…

French engineer Systra has acquired Spanish transport company Ardanuy Ingeniería for an undisclosed sum. The deal could help Systra move into Spanish, Portuguese and Hispanic American rail infrastructure markets. Ardanuy…

American software company Cadence has announced the €2.7bn acquisition of the design and engineering branch of Sweden’s Hexagon. The acquisition includes Hexagon’s MSC software business, which offers engineering simulation and…

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…

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…

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…

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…

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…

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…

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.…

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…

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…

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,…

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…

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…

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…

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…