02.08.2016 - Temasek-backed town planner Surbana Jurong buys Australia's SMEC for S$400 mln
Singapore-based urban planning consultancy Surbana Jurong Pvt Ltd, owned by state investor Temasek Holdings, has agreed to buy Australia-based SMEC Holdings Ltd for about S$400 million ($298 million), increasing its global reach. The combined entity will have a global workforce of almost 10,000 employees and revenue of about S$1.1 billion, the companies said in a joint statement on Monday, making it one of the largest urban and infrastructure consulting firms in Asia. Surbana Jurong said earlier this year it was looking at acquisitions overseas, including China and India as well as Australia. SMEC provides consultancy services for infrastructure projects...............................................Full Article: Source
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