ASGC acquired a minority stake in Costain

Construction group ASGC (Dubai, UAE) acquired a minority stake in technology-based engineering and construction firm Costain (Maidenhead, UK) in an effort to expand its presence in the UK infrastructure market.

“We always seeking to diversify our interests and see long-term, structural growth opportunities in UK infrastructure,” Bishoy Azmy, ASGC group chief executive, said. “We see the move as a way to benefit from an expected increase in UK infrastructure spending and believe that Costain will be well placed to take advantage of these.”

Read more>

About the Author

Morrissey Goodale
Morrissey Goodale is a management consulting and research firm specializing in the architecture, engineering, and environmental consulting industries; offering executive search, mergers & acquisitions, financial advisory, leadership training, and strategic planning services.

Comments are closed.