Friday round-up: Flurry of acquisitions | $12bn project kicks off | Cat legal battle
25 April 2024
As April draws to a close, there has been a flurry of acquisitions in the construction sector around the world.
In the past week alone, Construction Briefing has reported on three such deals and there has been a common thread running through each of them: the energy transition.
Click on the links below to read more about each of the three deals, which include:
- Eiffage’s acquisition of a major European player in the energy infrastructure market
- Strabag’s purchase of a sustainable building materials manufacturer
- Hochtief’s Australian subsidiary Cimic acquiring a mining services company
Meanwhile, North America continues to shine as a bright spot for major, multi-billion-dollar infrastructure projects.
In the past week, we learned not only that the $12bn Brightline West high-speed railway project has broken ground, but also that two engineering firms have been appointed on the US$3bn Île d’Orléans Bridge in Canada.
Finally, there was news of a court battle involving Caterpillar that has seen a jury conclude that it owes $100m to an importer. Read more here.
Image of the week
Sweden-based Epiroc has launched the SmartROC T30 R surface radio remote drill rig. Read more about the machines capabilities and features here.
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