SMEC: Singapore-based urban development consultancy Surbana Jurong announced its acquisition of 100% of Australian infrastructure consultancy SMEC Holdings for S$400m on August 1. The combined business has revenue of S$1·1bn, with 9 800 employees in more than 95 offices across 40 countries in Asia, Australia, the Middle East, Africa and the Americas.
'SMEC's experience and strength in major infrastructure projects in the urban transport, energy and water sectors such as hydroelectric power plants, mass rapid transit and light rail transit systems, bridges and highways, coupled with Surbana Jurong's track record and expertise in urban planning, township and industrial development, will enable us to offer unique complete value chain services', said Surbana Jurong Group CEO Wong Heang Fine.