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,…

France-headquartered engineer and project manager Assystem has acquired India’s L&T Infrastructure Engineering, a subsidiary of the Larsen & Toubro group. L&T Infrastructure Engineering employs 431 people and saw revenues of…

Swedish contractor Skanska is selling its 32% stake in LaGuardia Gateway Partners to fellow stakeholders Vantage Airport Group of Canada and French investor Meridiam. LaGuardia Gateway Partners is responsible for…

Spanish construction group Ferrovial yesterday said it had agreed to sell its 25% stake in FGP Topco, the parent company of Heathrow Airport Holdings, for £2.4bn ($3bn). There are two…

Spanish contractor ACS, Europe’s third largest construction group after Bouygues and Vinci, has hired French banking group Société Générale and Bank of America to sell its services unit, Clece, newspaper…

The European Commission has given a green light to Hitachi Rail’s €1.6bn acquisition of Thales Ground Transportation Systems. To make the deal possible, Hitachi is divesting its signalling businesses in…

A team of Vinci Airports and Australia’s IFM Global Infrastructure Fund has been chosen as preferred investor for Poland’s new international airport. They were picked by Centralny Port Komunikacyjny (CPK),…

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…

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…

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,…

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…

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…

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…

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…

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…

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…