All Mergers & acquisitions Articles

Write-downs hit Leighton profits
Leighton has announced its results for the current financial year will be reduced because of write-downs on several investments.
Granite sells final TIC stake to Kiewit
Granite Construction has sold its remaining shares in industrial contractor TIC Holdings to Kiewit Corporation.
Aecon acquires South Rock
Aecon, one of Canada's largest construction groups, has agreed to acquire privately owned construction and materials company South Rock.
Boskalis abandons Smit bid
Dredging giant Boskalis Westminster has abandoned its hostile takeover bid for towage, salvage and heavy transport company Smit International.
Cat and Trimble form new JV
Caterpillar and surveying equipment manufacturer Trimble have announced a new joint venture (JV) company and distribution agreement that will focus on applications for road construction, paving, heavy construction and quarry/aggregates worksites, according to a statement on Trimble's website.
Perini buys Tutor-Saliba for US$ 862 million
Perini has announced it has acquired the privately-held Tutor-Saliba Corporation for US$ 862 million after 88% of its shareholders approved the move.
Doosan to acquire Moxy
Doosan Infracore has acquired Norwegian articulated dump truck (ADT) manufacturer Moxy for € 55 million through its European subsidiary DIEU. The company says it wants to increase Moxy's sales fivefold by 2012, from last year's € 54 million to € 250 million.
US acquisition sees Astec relocate JR’s Welding to Chattanooga
Astec Industries has entered into a definitive agreement to acquire the assets and key personnel of JR’s Welding Inc, an Ohio, US based rebuilder and manufacturer of asphalt milling drums and cutter housings.
Dillman acquisition will grow Astec capacity
Astec Inc. has agreed to acquire asphalt plant equipment manufacturer Dillman Equipment for an undisclosed sum. The company said the acquisition would add manufacturing capacity as well as help its market share in the Northern part of the US.
Jacobs expands in India
Jacobs has expanded its presence in the Indian construction market with the acquisition of a minority stake in Consulting Engineering Services (CES).
SNC acquires Laboratoire Sol et Béton
SNC-Lavalin's Canadian subsidiary, Groupe Qualitas, has acquired Laboratoire Sol et Béton L.S.B., a company that specializes in material and geotechnical engineering. No financial details of the transaction were given.
China’s Zoomlion acquires Cifa
Chinese construction equipment manufacturer Changsha Zoomlion Heavy Industry Science & Technology Development Co Ltd (Zoomlion) has announced the acquisition of Italy's Compagnia Italiana Forme Acciaio (Cifa) for € 271 million (US$ 421.9 million).
Tarmac up for sale
Mining company Anglo American has put its aggregates business Tarmac up for sale. The business has a strong presence in the UK, with further operations in other parts of Europe as well as the Middle East.
Tarmac sale delayed
Mining giant Anglo American has postponed the sale of Tarmac, its UK-based quarrying business. The divestment is on hold until conditions improve in the global credit markets.
Balfour Beatty acquires Barnhart
UK-based Balfour Beatty's US professional and technical services arm, Heery International, has acquired Douglas E Barnhart Inc for US$ 116 million in cash.
Bilfinger Berger’s FM expansion
Bilfinger Berger has doubled the size of its facilities management (FM) business with the acquisition of M+W Zander's FM division from Austrian investment company Victory Industriebeteiligungen Group.
Lafarge buys L&T Concrete
Lafarge has announced the € 226 million (US$ 350 million) acquisition of L&T Concrete from Indian industrial conglomerate Larsen & Toubro. Lafarge says the deal will give it a 25% share of India's ready-mixed concrete market.
KBR to buy BE&K
US construction giant KBR as reached a definitive agreement to BE&K, a private engineering and construction company based in Birmingham, Alabama, US BE&K had sales of US$ 2 billion for the year ending March 30, and the transaction is valued at US$ 550 million.
Cemex planning sales
Cemex has announced plans to sell various businesses in Austria, Hungary and the UK in a bid to reduce its debt burden. The units in question had generated revenues of US$ 456 million last year.
Atlas Copco acquires stake in Indian drilling companies
Atlas Copco (India) has agreement to acquire a 25% stake in Focus Rocbit and Prisma Roctools in India, subject to approval from the relevant authorities, for an undisclosed sum.
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