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…
OSLO: BMO Entreprenør AS, a wholly owned subsidiary of Endúr ASA, announced it’s planned acquisition of 100% of the shares in Tronfjell Maskin AS. Tronfjell will operate as a subsidiary of BMO, providing increased capacity, geographical presence and a broadening of BMO’s existing service offering. Tronfjell is a specialized construction and infrastructure contractor, based…
SYDNEY – Australian infrastructure firm Symphal Group said on Wednesday it has agreed to buy two Queensland-based civil contracting and haulage businesses for A$28 million ($18.5 million), aiming to capture a wave of pre-Olympics construction in the state. Symphal will acquire the assets of Timms Group and L&D Contracting via an upfront cash payment…
BLOOMINGTON – The Toro Company (NYSE: TTC) announced on Monday it has finalized the acquisition of Tornado Infrastructure Equipment Ltd. (TSX-V: TGH), a move that significantly expands its position in the fast-growing vacuum excavation market. The all-cash transaction, valued at 279 million Canadian dollars, was funded through the company’s existing credit facilities and additional financing.…
ANAHEIM – Willdan Group Inc (WLDN.O) said on Monday its subsidiary, Willdan Financial Services, has agreed to acquire Compass Municipal Advisors LLC, a move that expands its geographic footprint and consulting services for public agencies. The acquisition of the Southeastern U.S.-based firm is expected to close on January 1, 2026, subject to standard closing conditions,…
LONDON/PARIS – The operator of the Channel Tunnel, Eurotunnel, said on Tuesday it faces a near 200% increase in its business rates bill from British authorities, a move it called “confiscatory” and a threat to its investment capacity in the UK. The planned hike, proposed by Britain’s Valuation Office Agency (VOA) as part of a…
LONDON: British infrastructure investors HICL Infrastructure PLC (HICL.L) and The Renewables Infrastructure Group TRIG.L agreed to combine on Monday, forming the UK’s largest listed infrastructure investment company with net assets exceeding £5.3 billion ($6.7 billion). The all-share merger, structured as a reconstruction and voluntary winding-up of TRIG, aims to create a dominant player better…
CAMDEN: New Jersey American Water Tuesday announced an agreement to acquire the privately held Gordon’s Corner Water Company, a move that would bring approximately 15,000 customers in Monmouth County under its service. The acquisition, which requires state regulatory approval, is expected to be completed by mid-2026. Gordon’s Corner serves customers in portions of Colts…
SAN DIEGO: Econolite, a leading provider of intelligent traffic management solutions and a subsidiary of Umovity, announced Thursday the opening of a new 50,000-square-foot manufacturing facility in San Diego, California. The expansion marks the company’s fourth U.S.-based production site and reinforces its commitment to the Build America, Buy America Act (BABA). The state-of-the-art facility…
SYDNEY: Australian engineering and mining services firm NRW Holdings Ltd (ASX:NWH) said on Tuesday it will acquire Fredon Industries Pty Ltd for up to A$200 million, adding a fourth strategic pillar to its operations and expanding its footprint in electrical, mechanical, infrastructure and technology services. The acquisition, structured as a debt-free, cash-free transaction, will…
LONDON: Intertek Group plc (ITRK.L), a global provider of Total Quality Assurance services, said on Monday it has acquired Envirolab, a leading environmental testing and analysis firm based in Australia, as part of its strategy to expand in high-growth sustainability markets. The deal gives Intertek access to Envirolab’s five laboratories across Australia and New…