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| Obayashi makes Multiplex a subsidiary Japan’s Obayashi Group, one of the country’s five largest construction companies, has announced it will acquire 100% of the shares of UK-headquartered contractor Multiplex, a company operating construction businesses in Australia, the United Kingdom and Canada, from previous owner Brookfield, an investment firm. The Obayashi Group has been expanding its overseas construction business, particularly in North America and Southeast Asia, where market growth is expected. In addition, the Group has been exploring opportunities to enter and expand into stable and high-growth markets. Australia has been identified as one of the most important markets, supported by population growth, urban development demand, and stable economic conditions. Multiplex is one of the leading Tier 1 construction companies in Australia, with a strong reputation for delivering high value-added projects, including high-rise buildings, hospitals, and data centers, and maintains a substantial order backlog. In the United Kingdom, particularly in London, it has an established track record in office and mixed-use developments, and it has built a strong competitive position. Also, given the steady growth in Canada, further business expansion is expected in the future. Following discussions regarding a strategic partnership with Multiplex, with whom Obayashi Corporation previously collaborated on the main stadium for the Sydney Olympic Games, Obayashi Corporation has decided to acquire the shares of its parent holding company and make Multiplex a consolidated subsidiary. write your comments about the article :: © 2026 Construction News :: home page |