{"id":10035,"date":"2023-01-24T07:11:09","date_gmt":"2023-01-24T07:11:09","guid":{"rendered":"https:\/\/tunnelingworld.com\/?p=10035"},"modified":"2023-01-24T07:11:09","modified_gmt":"2023-01-24T07:11:09","slug":"webuild-to-expand-clough-acquisition","status":"publish","type":"post","link":"https:\/\/tunnelingworld.com\/?p=10035","title":{"rendered":"Webuild to Expand Clough Acquisition"},"content":{"rendered":"

In order to extend its acquisition to include more projects, Webuild<\/a> is concluding an agreement with Clough<\/a>\u2019s administrators.<\/p>\n

Following a takeover plan by Webuild fell through the same day, on December 5 Australian company Clough Group went into voluntary administration, while Webuild later announced it would acquire assets and certain projects from Clough, including offices, brand, credentials, business references, senior management, office personnel and its share in the Snowy 2.0 hydro project and Inland Rail contracts where Clough is Webuild\u2019s partner.<\/p>\n

Revealing its further details of the scope of the transaction and its completion in the coming days, Webuild claims that the acquisition now includes more projects. <\/p>\n

The total value of Webuild\u2019s backlog orders in Australia is \u20ac8.9bn (US$9.5bn), including projects for which Webuild is the preferred bidder, and a workforce of more than 1,800 people, while Australia is Webuild\u2019s second largest market after Italy. Over 2022-2025 construction investments in the Australian market are expected to reach more than \u20ac300bn (US$319.5bn). <\/p>\n","protected":false},"excerpt":{"rendered":"

In order to extend its acquisition to include more projects, Webuild is concluding an agreement with Clough\u2019s administrators. Following a takeover plan by Webuild fell through the same day, on December 5 Australian company Clough Group went into voluntary administration, while Webuild later announced it would acquire assets and certain projects from Clough, including offices, brand, credentials, business references, senior management, office personnel and its share in the Snowy 2.0 hydro project and Inland Rail contracts where Clough is Webuild\u2019s partner. Revealing its further details of the scope of the transaction and its completion in the coming days, Webuild claims […]<\/p>\n","protected":false},"author":2,"featured_media":10037,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[41],"tags":[215,2921,223,47,783],"class_list":["post-10035","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-australia","tag-clough","tag-italy","tag-tunneling","tag-webuild","post--single"],"yoast_head":"\nWebuild to Expand Clough Acquisition - Tunnelingworld<\/title>\n<meta name=\"description\" content=\"In order to extending its acquisition to include more projects, Webuild is concluding an agreement with Clough\u2019s administrators.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tunnelingworld.com\/?p=10035\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Webuild to Expand Clough Acquisition - 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