Mergers & acquisitions - Articles - Page 4

Companies

Webuild Inks New Deal To Acquire Failed Australia Firm Assets

February 6, 2023

Purchase of Asia-Pacific assets of Perth contractor Clough “guarantees the continuity" of firm projects and employment for 1,100 employees, says the Italy-based buyer.

Acquisitions

Trimble Buys Integration Platform Startup Ryvit

James Leggate

January 5, 2023

No Comments

Technology firm says it will support Ryvit's integrations on its cloud-based Construction One suite.

Companies

Italy's Webuild Cancels Acquisition of Australian Contractor Clough

Debra K. Rubin

December 5, 2022

No Comments

Planned $237M purchase ends after few weeks, with Italian contractor missing deadline for $20M loan to prop up Clough finances, and "no reasonable prospect" of deal being completed, firms say.

Companies

Kiewit Set To Acquire Weeks Marine as Wholly Owned Unit, Chiefs Say

Debra K. Rubin

October 11, 2022

No Comments

In other key deal, designer WSP Global won't vie for UK consultant RPS Group PLC, with Tetra Tech now set to complete acquisition of firm

Mergers and Acquisitions

German Firm RWE Set for $6.8B Buy of Con Edison Renewables Unit

Mary B. Powers

October 6, 2022

One Comment

Purchase of NY-based utility's solar, wind and battery storage projects across the U.S. will be big domestic market share boost for European developer.

Executive News

Bridge Specialist Finley Engineers CEO Set For New Role at COWI

April 28, 2022

No Comments

Craig Finley named operations vice president at Danish design giant after firm acquisition, set to close April 30; deal expands COWI footprint in North America

Clean Energy Construction

Canada Energy Giant's $650M Acquisition Boosts Its US Renewables Niche

Scott Van Voorhis

February 6, 2022

No Comments

Brookfield Asset Management is set to add 20 GW of solar and battery storage project potential in buying Virginia-based Urban Grid, but sector faces growing hurdles in grid connectivity and supply chain.

Companies

MasTec Expands Power Work In $600M Deal to Buy Henkels & McCoy

CEO Jose R. Mas calls the deal the largest in the specialty contractor's history

Emell D. Adolphus

December 20, 2021

No Comments

The deal further diversifies the specialty construction giant's portfolio away from oil and gas related work.

Companies

Advanced Nuclear Power Developer NuScale Strikes Deal To Go Public

Debra K. Rubin

December 14, 2021

No Comments

The firm is valued at $1.9B in link with NASDAQ-traded investor, but Fluor stays a majority stakeholder and exclusive engineer-builder of planned small reactors for global clients.

AEC Sector Top and Bottom Line Bright Spots Seen, But Risks Also

Debra K. Rubin

October 14, 2021

No Comments

Recent analyst reports for design, construction and equipment firms note signs of recovering demand and still solid profit based on reduced expenses, but also warn on overestimating growth