M&A Deal Summary

CIMIC Acquires Novopro Projects

On July 6, 2023, CIMIC acquired engineering company Novopro Projects

Acquisition Highlights
  • This is CIMIC’s 1st transaction in the Engineering sector.
  • This is CIMIC’s 1st transaction in Canada.
  • This is CIMIC’s 1st transaction in Quebec.

M&A Deal Summary

Date 2023-07-06
Target Novopro Projects
Sector Engineering
Buyer(s) CIMIC
Deal Type Add-on Acquisition

Target

Novopro Projects

Montreal, Quebec, Canada
Novopro Projects is an engineering and metallurgy company that provides engineering services and process equipment to projects in North America, Europe, Africa, Middle East and Australia. Novopro Projects is based in Montreal, Quebec.

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Buyer(S) 1

Buyer

CIMIC

North Sydney, Australia

Category Company
Founded 1899
Sector Construction
Employees24,381
Revenue 9.7B AUD (2021)
DESCRIPTION

CIMIC provide construction, mining and operation and maintenance services to the infrastructure, resources and property markets. CIMIC was founded in 1899 and is based in North Sydney, Australia.


DEAL STATS #
Overall 6 of 7
Sector (Engineering) 1 of 1
Type (Add-on Acquisition) 4 of 5
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-10 UGL

North Sydney, Australia

UGL is a provider of engineering, construction and maintenance services for rail, infrastructure and resources projects in Australia, New Zealand, and Southeast Asia. UGL was formed in 1970 and is based in North Sydney, Australia.

Buy AU$524M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-02 MinSol Engineering

West Perth, Australia

MinSol Engineering specializes in the engineering of hard rock lithium concentration and refining processes including metallurgical test work, flow sheet development, and detailed design. MinSol Engineering is based in West Perth, Australia.

Buy -