Webuild to acquire Clough in Australia

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

The Webuild has announced that it has reached a conditional agreement to acquire the entire share capital of the Australian company Clough Limited, which is wholly owned by Murray & Roberts of South Africa and had an order backlog of approximately EUR2.1 billion (US$2.1 billion).

The transaction involves: 

  • strengthening the organizational, engineering and human resources structure, expanding and diversifying Webuild's operations in Australia;
  • strengthening Webuild's presence in Western Australia, Queensland, New South Wales and Victoria;
  • buffing central Clough resources for benefit from scale and significant synergies.

Webuild, which order book and preferred bids are nearly EUR9 billion (US$9 billion), will provide an AUD30 million (approximately US$19 million) loan to Clough between signing and closing and take over minority stakes in projects in Australia carried out in partnership with Clough, including Snowy 2.0 and Inland Rail.

Share this update