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…
Companies Strabag buys Georgiou for €140m to enter Australian market Austrian contractor Strabag has agreed a €140m deal to buy all the shares in Australian civil engineer Georgiou Group. The takeover approved by Strabag’s supervisory board on 17 December will…
News Holcim sells Nigerian business for $1bn, plans separation of North American subsidiary Swiss cement-maker Holcim has sold its 84% stake in Lafarge Africa to Huaxin Cement of China. The $1bn deal is subject to approvals, but is expected to be confirmed in…
News Leighton Asia buys data centre specialist Maverick Cimic Group company Leighton Asia has acquired Malaysia-headquartered Maverick United Consulting Engineers for an undisclosed sum. Maverick specialises in designing data centres, an expanding sector Leighton Asia is targeting. “The…
Companies French investment consortium buys majority stake in Systra Two French investment companies, Fimalac and Latour Capital, have acquired a 58% stake in Systra, a Paris-based engineer that specialises in the transport sector. Systra commented that the deal would…
News Vinci to buy UK’s FM Conway Vinci Construction has announced an agreement to acquire the long-established UK public works contractor, FM Conway, through a share purchase. Founded in 1961 by Francis Michael Conway, and still owned…
News Japan’s Sumitomo Forestry buys majority stake in Australia’s largest housebuilder Japanese contractor and materials company Sumitomo Forestry is to purchase a controlling stake in Metricon, Australia’s largest housebuilder, for US$79m. The acquisition will give Sumitomo a 51% share in the…
Companies German machinery maker Bomag opens subsidiary in Spain German construction equipment company Bomag has created a Spanish subsidiary called Bomag Ibérica de Maquinaria. The move follows its acquisition of Spanish and Portuguese equipment seller Maquinter, which had distributed…
News Turkey’s Çimsa to buy Northern Ireland’s Mannok for €330m Turkish building material company Çimsa has announced it will spend €330m on acquiring 94.7% of shares in Northern Ireland’s Mannok. Mannok’s leadership team will retain 5.3% of interest in the…
Companies Saint-Gobain buys fast-growing Mexican chemicals firm for $815m French materials company Saint-Gobain has signed a definitive agreement to acquire Ovniver Group, a privately-owned chemical company in Mexico, for $815m. The group has lines in façade coatings, tile adhesives,…