SYDNEY – Symal Group announced today it has agreed to acquire 80% of South Australian civil construction business Davison Earthmovers for $23.2 million upfront, with settlement targeted for the third quarter of FY26. The founder of Davison Earthmovers will retain a 20% ownership stake. Symal holds a call option, and the vendor holds a put…
MUNICH: DYWIDAG Systems International (DYWIDAG) has agreed to sell 100% of its shares in TAM Groupe, a French construction products maker, to German investment firm Private Assets SE & Co. KGaA, the companies said on Tuesday. The transaction, which is subject to closing conditions, is expected to be completed by early December 2025. TAM Groupe is…
Sika AG has acquired Marlon Tørmørtel A/S, a mortar manufacturer in Denmark. The company is renowned for its strong product portfolio and its excellent customer service. The acquisition creates a growth platform for Sika in the Nordics, providing exciting opportunities for further market expansion and cross-selling with Sika’s complementary solutions. Marlon is a family-owned, high-performing…
For six months, the UK homebuilder completed 4,605 new homes, up 4%, while average sales price rose 8% to £284,047 LONDON: Persimmon Plc reported a resilient performance for the first half of 2025, with growth across key financial and operational metrics despite ongoing affordability constraints and geopolitical uncertainty. For the six months ended June 30,…
Company posted revenues of $10.2 billion, up 6%, net income rose 2% to $1.3 billion NEW YORK: CRH Plc (NYSE: CRH), a leading provider of building materials solutions, on Thursday reported second-quarter 2025 financial results, citing strong underlying demand, favorable pricing, and strategic acquisitions as key drivers of growth. The company posted total revenues of…
LONDON: Kier Group plc announced Tuesday that Chief Executive Andrew Davies will retire and step down from the board on Oct. 31. Stuart Togwell, currently executive director and group managing director of construction, will succeed him on Nov. 1. Davies, who joined Kier in 2019, is credited with steering the infrastructure services and construction group…
NEW YORK: QXO, Inc. (NYSE: QXO) announced Thursday it has submitted a proposal to acquire all outstanding shares of GMS Inc. (NYSE: GMS) in an all-cash transaction valued at approximately $5 billion, offering $95.20 per share — a 27% premium over GMS’s 60-day volume-weighted average price. Brad Jacobs, QXO’s chairman and chief executive, said the…
Trestle, the construction industry’s only subcontractor and supplier data centralization and performance management solution, has secured $2.3M in pre-seed funding led by Lerer Hippeau with additional participation from MetaProp, Laconia Capital, Alumni Ventures, The LegalTech Fund, Redbud VC, and Meridian Ventures. “Developed by a team with over 15 years of construction experience, Trestle is uniquely…
Volvo Group Venture Capital AB has joined Zacua Ventures Builders Fund I, L.P., a global venture capital fund that supports early-stage technology start-ups in the construction industry. The fund focuses on emerging technologies that can reduce carbon emissions and improve efficiency in the sector. Zacua Ventures was founded in 2022 and operates in North America,…
Spartan Composites, LLC, a leading manufacturer of advanced composite access mats, has acquired the strategic assets of FODS, LLC, a Colorado-based company that offers patented and innovative trackout control systems for the construction industry. The acquisition aims to combine the strengths of both companies, expand their product portfolio and market reach, and create cutting-edge solutions…
The construction industry, in general, has been seeing a boom in the past few years but the roofing industry, in particular, has seen a lot of positive changes. Roofing is a basic need for every kind of residential or commercial building so the changes in the roofing industry are a good indicator of the overall…