Two firms say the acquisition move reflects a natural overlap in their businesses.

Underground compact-equipment maker The Toro Company announced it will acquire its major competitor, Charles Machine Works, for $700 million in cash.

Bentley Systems Inc. said on June 20 that it has acquired Synchro Software, a London-based 4D scheduler and construction planning tool championed by its CEO, Tom Dengenis, since 2007 for use on major, high-risk projects worldwide.

Government's ongoing security review of Aecon deal is still not done.

Acquisition transactions in the engineering sector last year had a double-digit falloff to the lowest level since 2013 and the sharpest decline rate since the recession, according to a new analysis by one sector consultant and deal broker.