Clough is pleased to announce that Webuild has entered into an agreement with Murray & Roberts for the acquisition of the Clough Group and all its shares.
The deal will see Webuild acquiring 100% of the Clough Group including all its subsidiaries (e2o, Booth Welsh, CH-IV and JJ White) from Murray & Roberts.
Peter Bennett, Clough CEO and Managing Director said “Our business continues to deliver strong growth in key markets, and the combination of Webuild and Clough provides unique synergies into the booming construction sector. We both bring highly valued capabilities to our respective end markets, and our individual cultures and approach to business are complementary, as evidenced by our working relationships on two major projects where we are in Joint Venture together”
This acquisition by Webuild will bring significant operating and financial benefits for the combined Group in the way of integrated management of common projects, implementation of a single commercial strategy, functional optimisation and sharing of best practices. With their substantial balance sheet, Webuild will provide a strong foundation on which Cloughs’ continued growth is well supported.
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.
Webuild, the new Group born in 2020 from Salini Impregilo, is a leading global player in the construction of large, complex projects for sustainable mobility (rail, metro, bridges, roads, ports), hydropower (dams, power plants), water (treatment and desalination plants, wastewater management, irrigation dams) and green buildings (civil and industrial buildings, airports, stadiums, hospitals). It supports clients in achieving the Sustainable Development Goals (SDGs) established by the United Nations.
The Group ranks first in the world for the construction of infrastructure in the water sector. Since 2018, it is also among the top 10 companies by revenue generated from environmental services. Webuild is the expression of 116 years of engineering experience applied in 50 countries with 80,000 direct and indirect employees from more than 100 nationalities.
Iconic projects, completed or under construction, include the M4 metro line in Milan, a section of Line 16 of the Grand Paris Express, Cityringen in Copenhagen, the viaduct and bridge for Sydney Metro Northwest in Australia, Red Line North Underground in Doha, Line 3 of Riyadh Metro and high-speed railways in Italy. Others include the Genova San Giorgio Bridge in Italy, the Long Beach International Gateway Bridge in Long Beach, California, the expansion of the Panama Canal, the Snowy 2.0 hydroelectric scheme in Australia, the Rogun hydroelectric dam in Tajikistan, the Anacostia River and Northeast Boundary hydraulic tunnels in Washington, D.C., and the Al Bayt 2022 World Cup stadium in Qatar. At June 30, 2022, the Group had a total order backlog amounting to more than €47 billion, with 90% of the construction backlog relating to projects linked to SDGs.