Construcciones Yamaro: Gamuda completes acquisition of Downers transport projects business

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Continuing its expansion in Australia, Gamuda has completed its purchase of Downer’s Australian Transport Projects (DTP) division.

The newly acquired business will operate standalone within the Gamuda group of companies, trading as DT Infrastructure Pty Ltd (DTI), alongside Gamuda Engineering (GEA) in the Australian market.

The $212 million dollar sale will see over 1,100 staff and a forecast work in hand of approximately $2 billion transferred to DTI.

DTI will be led by experienced infrastructure executive Mark Mackay, supported by his existing senior team. “We are working closely with our clients, partners and suppliers to ensure continuity for projects under delivery,” said Mr Mackay. “Gamuda’s global strength unlocks a wider range of projects for the business to pursue into the future.”

“This is an exciting time for DT Infrastructure. Our 1,100 strong team is moving forward with certainty and optimism.”

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DTI’s established rail capability will be further bolstered by Gamuda’s Asia-Pacific expertise, which has delivered turnkey metro rail projects including the Klang Valley Mass Rapid Transit lines (KVMRT). Over the last 12 years Gamuda has constructed two end-to-end KVMRT lines, including over 100 kilometres of metro rail track and 65 new stations in Kuala Lumpur.

“Our team has built a strong reputation delivering complex infrastructure for clients over the last decade,” said Mr Mackay. “Continuing as a leading delivery partner in complex infrastructure is the focus for the business.”

“Our vision as DTI is to create reliable, safe and sustainable solutions that unlock opportunities for our people and customers.”

Ewan Yee, Executive Director Gamuda Engineering Australia, said the synergies between the two companies will provide a unique offering for clients.

“The addition of further rail and transport capability in Australia helps unlock Gamuda’s international experience and innovation as a turnkey infrastructure provider,” said Mr Yee. “There’s a strong alignment between the businesses in terms of culture and values.”

“Maintaining our approach to collaborative contracting, striving for engineering innovation and putting sustainability at the heart of project delivery will produce great outcomes for our customers and local communities.

“Gamuda has ambition to grow the volume and types of projects we deliver in Australia. This strategic purchase accelerates our growth plans and improves our competitiveness across a wider range of transport and infrastructure work.”

Announcement of the transaction completion has been made to the ASX and Bursa Malaysia. The transaction is approved by the Australian Foreign Investment Review Board.

Whilst the parties have satisfied the majority of the sale conditions, there remains one customer consent outstanding at the time of completion. These contracts will remain with Downer until the consents are received, which is expected by 31 July 2023.

The post Gamuda completes acquisition of Downer’s transport projects business appeared first on Inside Construction.



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