en.Wedoany.com Reported - Japan's Obayashi Corporation announced the acquisition of all shares in Multiplex holding company BCI UK Holdings Limited, making Multiplex a wholly-owned subsidiary.
Obayashi stated that the acquisition aims to achieve performance in other businesses comparable to or higher than its domestic construction business, thereby optimizing the group's overall business structure. Obayashi's overseas construction operations are currently concentrated in North America and Southeast Asia, markets expected to grow. The group is also expanding its civil engineering business in Canada and real estate development in the UK, benefiting from local economic growth.
Obayashi considers Australia one of its most important markets, given its stable economy driven by strong population growth, well-established legal and commercial infrastructure, and stable relations with Japan. The group has been seeking full entry into this market. Obayashi noted that Multiplex is a leading Australian construction company, excelling in high-value-added delivery of technically complex projects such as high-rise buildings, hospitals, and data centers. Multiplex has a solid track record and competitive advantage in office and mixed-use development, particularly in London, UK. In Canada, as a growing market, the company expects further business expansion, supported by stable growth underpinned by high-level technical expertise.
Obayashi believes that making Multiplex a wholly-owned subsidiary will promote growth for both parties, leading to the decision to acquire all its shares. Multiplex CEO John Flecker stated that this move is a milestone for the company, marking a new chapter of development and creating a globally significant construction group. He noted that Multiplex and Obayashi, with over 130 years of history, share highly aligned values and vision, and see significant opportunities. John Flecker emphasized that for clients, partners, and employees, it is business as usual, with operations, projects, and brand unchanged, and the leadership team continuing to guide the company. John Flecker said that Obayashi brings engineering expertise and global capabilities, and the acquisition enables Multiplex to access global markets, acquire technical knowledge, and expand opportunities for employees and partners, strengthening its platform. Multiplex will continue to operate independently while benefiting from the strength of its new owner.
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