M&A Deal Summary

Hochtief Acquires CIMIC

On February 23, 2022, Hochtief acquired construction company CIMIC for 1.5B AUD

Acquisition Highlights
  • This is Hochtief’s 1st transaction in the Construction sector.
  • This is Hochtief’s largest (disclosed) transaction.
  • This is Hochtief’s 1st transaction in Australia.

M&A Deal Summary
Date 2022-02-23
Target CIMIC
Sector Construction
Buyer(s) Hochtief
Deal Type Add-on Acquisition
Deal Value 1.5B AUD

Target

CIMIC

North Sydney, Australia
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.

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Buyer(S) 1

Buyer

Hochtief

Essen, Germany
Category Company
Founded 1873
Sector Construction
Employees42,717
Revenue 27.8B EUR (2023)
DESCRIPTION

Hochtief is an engineering-led global infrastructure group with leading positions across its core activities of construction, services, and concessions/public-private partnerships (PPP) focused on Australia, North America, and Europe. Hochtief was founded in 1873 and is based in Essen, Germany.

DEAL STATS #
Overall 2 of 2
Sector (Construction) 1 of 1
Type (Add-on Acquisition) 2 of 2
Country (Australia) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-29 Abertis

Barcelona, Spain

Abertis is involved in the management of toll roads, managing over 8,600 kilometers of high capacity and quality roads in 16 countries in Europe, the Americas, and Asia. The company is an operator of toll roads in countries such as Spain, Chile and Brazil, and also has a significant presence in France, Italy, Mexico, Puerto Rico and Argentina. Abertis is based in Barcelona and Madrid.

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