ET 02:01

Obayashi Plans Acquisition of Multiplex Global Owner BCI UK Holdings

Japanese construction firm Obayashi announced its plan to acquire BCI UK Holdings, the parent company of global contractor Multiplex Global. The strategic acquisition aims to significantly expand Obayashi's international construction presence and market share. Multiplex Global operates across key markets including the UK, Canada, Australia, and the Middle East, specializing in complex building and infrastructure projects. This move aligns with Obayashi's long-term strategy to diversify its revenue streams and leverage Multiplex's established global network and expertise. The terms of the acquisition, including financial details, were not immediately disclosed. The deal is expected to undergo standard regulatory approvals.

EditorTan Wei Jie