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…

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…

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…

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…

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…

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…

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…

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,…

Turner Construction has announced that it will acquire the shares of Ireland’s Dornan Engineering for an unspecified amount. Turner hopes the deal will allow ity to attract blue-chip clients in…

Australian construction group Lendlease has announced plans to exit international markets in the next 18 months. The move will allow the company to “recycle” US$3bn in capital by completing projects,…

UK-headquartered engineering consultancy Mott MacDonald has acquired Australian engineering and energy consultancy Merz Consulting. Merz specialises in power distribution, transmission-and-generation design, and project delivery. Mott MacDonald said it has a…

Canada consulting engineer Stantec has acquired UK rival Hydrock for an undisclosed sum. The deal will boost Stantec’s UK workforce by over 30% and increase its capacity in the building…

French construction group Vinci has finalised a €50m investment NatPower, a renewable energy developer set up in 2019. The company, which is based in Milan, London and Washington, DC, has…

Two of Dubai’s biggest developers, Nakheel and Meydan, are to merge under the umbrella of Dubai Holding, the investment company owned by Mohammed bin Rashid al-Maktoum, the emirate’s ruler. The…

Beijing has told a dozen local governments to halt or delay infrastructure projects to limit debt increases, Reuters reports.  Local governments in China have some autonomy in how they implement…

A judge in Hong Kong today ordered one of China’s biggest property developers, Evergrande, to liquidate in light of its more-than $300bn debt burden and failure to come up with…

Japanese house manufacturer Sekisui House has agreed to buy US housebuilding giant MDC Holdings for $4.9bn. Sekisui House said the acquisition would make it the fifth largest housebuilder in the…

Stockholm-headquartered Sweco has bought Dutch firm Econsultancy to meet what it believes to be growing demand for environmental services in Europe. Econsultancy’s 200 staff will join Sweco Netherlands’ 1,900 engineers,…