Tuesday, July 1, 2008

International M&A deal

International engineering consultancy Beca, headquartered in Auckland, New Zealand, announced earlier today that it had acquired MBK South Coast Pty Ltd., a civil and structural engineering firm based in Wollongong, New South Wales, Australia.

MBK will be renamed Beca, whose chief executive says the deal significantly enhances its service offering in one of Australia's most significant industrial markets. "The acquisition of MBK complements our existing service portfolio in Australia and gives us stronger permanent local resources in civil and structural engineering as well as a local computer-aided design team," says Beca CEO Richard Aitken.

MBK South Coast was established in 1997 while Beca has operated in Australia since 1960 and now employs more than 300 people throughout Australia. Beca works primarily in the power, water and wastewater, mining and metals, airports, food and beverage and management services sectors.

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