Gamuda completes Australian transport project businesses acquisition
Downer announced that it has completed the sale of its Australian Transport Projects business to DT Infrastructure Pty Ltd, Gamuda.
In its expansion in Australia, Gamuda has successfully acquired Downer's Australian Transport Projects (DTP) division. The newly acquired business, now known as DT Infrastructure Pty Ltd (DTI), will operate as a standalone entity within the Gamuda group of companies, alongside Gamuda Engineering (GEA) in the Australian market. This US$212 million dollar acquisition brings over 1,100 staff and a forecast work in hand valued at approximately US$2 billion under DTI's management. These contracts will remain with Downer until the consents are received, which is expected by 31 July 2023.
Country updates
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July 19, 2023
Rio Tinto to Invest USD27.5 Million in Sovereign Metals
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