15.12.2022

SMT Scharf AG again raises revenue and earnings forecast for fiscal year 2022

SMT Scharf AG announces that it is once again raising its revenue and earnings forecast for fiscal year 2022 published on 12 October. Accordingly, the Managing Board now expects consolidated revenue of more than EUR 92.0 million.  

13.12.2022

Epiroc to acquire innovative provider of ground engaging tools and digital solutions

Epiroc, a leading productivity and sustainability partner for the mining and infrastructure industries, has agreed to acquire CR, an Australia-based provider of advanced ground engaging tools (GET) and related digital solutions mainly for the mining industry.  

Market-Place-4.0 Webuild S.p.A.

13.12.2022

Clough placed under Voluntary Administration

Clough placed under Voluntary Administration. (Credits: Clough)

The recently announced sale purchase agreement between Murray & Roberts and Webuild for the acquisition of Clough, has been terminated by mutual agreement between the parties. In the absence of the sale proceeding, the board of directors of Clough have decided to place Clough and its Australian subsidiaries into voluntary administration (VA) in order to conduct a restructure of the business.

Clough’s directors have appointed Sal Algeri, Jason Tracy, David Orr and Glen Kanevsky of Deloitte as Administrators effective immediately and they now become responsible for the company’s affairs. Whilst responsibility for the management of Clough has now passed to the appointed Administrators, they will no doubt rely heavily on assistance from the Board and Management in exploring options for the restructure and recapitalisation of the company. The process also provides for the possibility of compromise with creditors, through adoption of a Deed of Company Arrangement, a binding arrangement between the company and its creditors governing how the company's affairs will be dealt with.

About Clough

We are a pioneering company. We harness our people’s innovative thinking through engineering and construction solutions that deliver a sustainable future today.

We deliver high performing assets for the energy, resources and infrastructure industries underpinned by a dedication to innovation, sustainability, and getting the job done safely and efficiently.

Our global workforce of over 2,500 people across Australia, Asia Pacific, North America and UK strive for the best in everything, setting new safety and performance benchmarks every single day.

Source: Clough

#Australia (AU) #mergers and acquisitions #infrastructure #construction #Webuild S.p.A. #engineering

                     

13.12.2022

Hochtief honored as global industry leader for sustainability

Company achieves top ranking in Dow Jones Sustainability Index

International recognition for Hochtief's sustainable activities: S&P Global determined the highest sustainability score worldwide for the Hochtief Group in the "Construction & Engineering" sector of the Dow Jones Sustainability World Index (DJSI). Hochtief has been included in the internationally renowned index for the 17th time in a row for its performance in the areas of business/governance, environment and social issues.  

09.12.2022

Epiroc to acquire leading Provider of Collision Avoidance Systems for Mines

Epiroc, a leading productivity and sustainability partner for the mining and infrastructure industries, has agreed to acquire Mernok Elektronik (Pty) Ltd, a South African company that provides advanced collision avoidance systems for mining companies. With this acquisition, Epiroc will strengthen its position as a world-leading provider of automation and safety solutions for mining operations.