ENR’s #46 ranked international design firm, Meinhardt Group (Singapore, Singapore), acquired civil and structural engineering consultant Tham & Wong (Singapore, Singapore). The acquisition will strengthen Meinhardt’s overall service offerings in Vietnam where Tham & Wong has been operating for over 10 years.
Omar Shahzad, Meinhardt Group CEO said: “This strategic acquisition will enable us to extend our footprint in Vietnam, especially with Tham & Wong’s strong M&E capabilities and knowledge of the Vietnamese market. Vietnam’s GDP grew 7.1 percent year over year in the first half of 2018 – the highest in 10 years, while the construction sector grew a healthy 9.1 percent. In spite of potential headwinds, Vietnam’s strong economic fundamentals bode well for the real estate and manufacturing sectors which Tham & Wong Vietnam (M&E) Co. Ltd has made significant inroads into.”