CIMIC Group Limited has acquired all outstanding interests in Thiess Group Holdings Pty Ltd for AUD 1.18bn from funds managed by Elliott Advisors. This acquisition returns Thiess to full ownership by CIMIC and indirectly by HOCHTIEF. Thiess will maintain its operations as a mining services business within CIMIC Group. The acquisition is anticipated to positively impact HOCHTIEF's operational net profit for 2026.
Company Information
Company
CIMIC Group Limited
Location
Australia
About
CIMIC Group Limited is an Australian multinational corporation, primarily active in construction, mining, and engineering services. It is one of the largest contractors in Australia. The company operates across different sectors including infrastructure and resources. CIMIC strives to deliver innovative project solutions across its diverse portfolio.