News Japan’s Sumitomo Forestry to buy US’ JPI for $215m Japanese wooden housing and materials company Sumitomo Forestry has spent $215m to acquire a majority stake in US housebuilder JPI. JPI will keep its name and maintain its headquarters in…
Companies SNC-Lavalin sells Scandinavian unit in move away from traditional contracting Quebec-based contractor SNC-Lavalin has announced plans to sell the Scandinavian engineering services division of its Atkins subsidiary to French consultant Systra for a little over US$100m. The disposal is the…
Companies Turner & Townsend acquires Canada’s Cavalieri & Associates UK-headquartered consultant Turner & Townsend has acquired Canada’s Cavalieri & Associates Ltd., a project and development manager specialising in commercial and industrial construction. With offices in Vancouver, Edmonton, Calgary, Toronto,…
News CIOB and roofing institute enter talks to integrate The Chartered Institute of Building and the Institute of Roofing (IoR) are in discussions about integrating the roofing industry’s professional institute into CIOB’s diverse membership and global operations. Speaking about…
Companies Saint-Gobain expands in North America with €925m Canadian acquisition French materials company Saint-Gobain is to acquire Building Products of Canada, which specialises in roof shingles and wood-fibre insulation panels, for €925m. The move comes a year after it purchased…
News WSP acquires Quebec building engineering firm Toronto-listed engineer WSP Global has acquired the Quebec building engineering firm LGT, which provides advisory services in the areas of mechanical engineering, electricity, sustainable development, structural and civil engineering. The…
Companies Heavy lifter Mammoet is up for sale, but to the right buyer Dutch conglomerate SHV is exploring a possible divestment of Mammoet, its heavy lift subsidiary. SHV has eight main groups operating in sectors such as engineering, transport, retail, oil, food, and…
News Webuild buys Clough assets for €23m Webuild has signed a contract with the administrators of Clough Limited in Australia to acquire Clough’s assets, including its offices, trademarks, credentials, and 1,100 employees, plus more than €4bn worth…
Companies GISI pays 19% more for Hill acquisition Global Infrastructure Solutions (GISI) has finalised its acquisition of Hill International at a higher price than first agreed after an unsolicited third-party proposal. The two companies’ boards initially approved GISI…
Companies WSP acquires Swiss engineering consultant Canadian engineer WSP has announced plans to acquire Swiss firm BG Bonnard & Gardel Holding for an undisclosed sum. Lausanne-based BG offers engineering and project management services in the infrastructure,…
Companies Egis to acquire companies in Middle East and New Zealand French infrastructure company Egis has started the acquisition process for two companies: New Zealand’s Calibre Professional Services and the Middle Eastern arm of design practice U+A. Egis has agreed with…
Companies Webuild abandons Clough takeover in Australia Italian contractor Webuild today said the deal to acquire Australian engineering and construction company Clough Group, announced a month ago, has been abandoned. Webuild said: “the parties have jointly determined…
Companies Webuild to acquire Australia’s Clough Group Webuild has reached a conditional agreement to acquire Australia’s Clough Group from South African parent company Murray & Roberts Holdings. The acquisition of the engineering and construction company is subject…