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About CIMIC
Industries
Consulting
Industrial & Manufacturing
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Sydney, Australia
Founded
1949
Overview
CIMIC Group specializes in construction, mining, and engineering services, with a history dating back to 1899. The company provides integrated solutions throughout the entire lifecycle of assets, from planning and investment to design, construction, and long-term management. It operates through various subsidiaries, such as CPB Contractors and Thiess, each offering specialized expertise, which allows CIMIC to deliver a wide range of services to clients including governments and private corporations. Unlike many competitors, CIMIC's diversified business model combines construction contracts, mining operations, and long-term service agreements, ensuring a stable income stream. The company's goal is to lead in public-private partnerships and effectively manage assets across infrastructure and resource sectors.
Simplify's Take
What believers are saying
- CIMIC's acquisition of Maverick United boosts its presence in the Asian data center market.
- Increased stake in Thiess allows CIMIC to consolidate operations and improve financial performance.
- The Glenrowan solar farm enhances CIMIC's renewable energy portfolio and sustainability credentials.
What critics are saying
- Integration challenges may arise from Leighton Asia's acquisition of Maverick United Consulting.
- CIMIC's increased stake in Thiess could pose financial risks if the mining sector declines.
- Emilio Grande's appointment as ACS CFO may impact CIMIC's strategic autonomy.
What makes CIMIC unique
- CIMIC operates across the entire asset lifecycle, from planning to long-term management.
- The company offers integrated solutions through specialized subsidiaries like CPB Contractors and Thiess.
- CIMIC's focus on public-private partnerships sets it apart in infrastructure development.
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Company News
Leighton Asia, a Cimic Group company, has acquired Maverick United Consulting Engineers, a Malaysia-based data centre design specialist, for an undisclosed sum. This acquisition aims to enhance Leighton Asia's service offerings in the rapidly growing Asian data centre market. The move also strengthens Leighton Asia's capabilities in early contractor involvement for high-tech projects like semiconductor and clean room facilities.
CIMIC Group, an Australian subsidiary of ACS, has acquired an additional 10% stake in Thiess from funds advised by Elliott Advisors for AU$320 million (€195 million). This purchase increases CIMIC's total ownership to 60%, allowing full consolidation of Thiess into its accounts. The transaction is seen as a positive operational development and is marginally beneficial for the group's credit rating. The remaining 40% of Thiess is expected to be acquired in 2026 with cash outflow in 2027.
Legendary Australian craft beer pioneer Pat McInerney is being appointed the general manager of the consolidated Group in Australia with a plan to centralise operations and leverage the combined brewing, sales and marketing teams.
BV is investing in Victorian company Jupiter Ionics which uses electrochemical cells to produce carbon-neutral ammonia, also known as green ammonia.
During the visit, CIMIC Group Limited showcased innovative technology including the pioneering water-based rescue technology "Smart Lifesaver Robot" which had its first application in the construction industry in Hong Kong.
CIMIC is Hiring for 13 Jobs on Simplify!
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About CIMIC
Industries
Consulting
Industrial & Manufacturing
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Sydney, Australia
Founded
1949
CIMIC is Hiring for 13 Jobs on Simplify!
Find jobs on Simplify and start your career today