A new global survey quizzed construction executives about their AI plans, actions and perceptions. The results suggest the “AI revolution” is some way off. In February 2021, two US economists…

The US arm of Sweden’s Skanska has set up “Skanska Advanced Technology”, or SAT, a new division to meet demand for data centres and semiconductor facilities. Its 285 people will…

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…

UK-headquartered engineering consultancy Mott MacDonald has appointed Paul Hilton as managing director for its Middle East, South Asia and international development business. He takes on the role after three years…

Three subsidiaries of contractor FlatironDragados have been spun off to form a civil construction business in New York and New Jersey. The three units concerned – Schiavone Construction, John P…

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 Group’s German unit, Strabag AG, has reported a 39% increase in orders in the transportation sector as the country begins its overdue infrastructure renewal. Work won included the renovation…

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…

Shanghai-based machinery maker Sany Heavy Industry is reporting $10.88bn in revenue for 2024 – a 6.2% hike on the year before – with net profit attributed to shareholders surging by…

Caterpillar, the world’s biggest construction equipment maker, has announced that from May 1st, current chairman and chief operating officer Joseph E. Creed will take the company’s helm as chief executive.…

Mace has appointed Brian Conlon as country director for Saudi Arabia to oversee its expanding operations there. Reporting to managing director of Middle East and Africa, Christopher Seymour, Conlon will…

French infrastructure group Egis has opened an office in the Philippines, where it says it will target public-private partnerships, operations and maintenance, and projects in rail, airport, roads, energy and…

Swiss cement-maker Holcim will name its new North American spin-off “Amrize”. It will be listed on the New York stock exchange under the ‘‘AMRZ’’ symbol, classed as a domestic issuer…

Ferrovial on Friday reported an adjusted EBITDA of €1.3bn in 2024, a 38.9% increase year over year in like-for-like terms. Revenue grew 6.7% to €9.1bn, and net profit amounted to…

Bankruptcies among Japanese construction companies reached a 10-year high in 2024 sparked by rising material and labour costs, according to a report by Tokyo Shoko Research (TSR). Last year, 1,924…

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…

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…