en.Wedoany.com Reported - The parent company of U.S. builder Multiplex has sold its Australian construction business to Obayashi Corporation, one of Japan's five largest construction companies.

Multiplex was founded in Perth in 1962 by John C Roberts as a small enterprise and currently operates in Australia, Canada, and the United Kingdom. The company was acquired by U.S.-based Brookfield Business Corporation in 2007 and has now been sold to Tokyo-based Obayashi for $650 million.

Multiplex's global portfolio encompasses complex development projects in residential, commercial, infrastructure, healthcare, hospitality, and mixed-use sectors. The company's global CEO, John Flecker, expressed optimism about the sale, describing it as a milestone.

"Multiplex and Obayashi—a company founded over 130 years ago in 1892—are highly aligned in values and vision, and we see tremendous future opportunities," Flecker said.

"Obayashi possesses exceptional engineering expertise and global strength, and views Multiplex as an ideal fit for its long-term global growth strategy."

"This acquisition strengthens Multiplex's platform by providing global market access, technical knowledge, and expanded opportunities for employees and partners."

Flecker stated that Multiplex will continue to operate independently, with no changes to its projects, brand, or leadership team. Obayashi CEO Toshimo Sato believes this partnership will enable Multiplex to accelerate growth and solidify its core markets.

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