黑洞社区

Turner & Townsend chief executive Vincent Clancy has said the firm鈥檚 acquisition of Australian consultant Thinc will prove a springboard for T&T to expand further in the wider region.

Clancy told 黑洞社区 the acquisition - announced on Wednesday, which more than doubles T&T鈥檚 business in Australia to 400-strong - will enable the combined firm to expand both in Australia and the wider Australasia region and South-east Asia, as well as enabling the firm to offer a more comprehensive package of services to multinational clients.

The combined company has offices in ten locations including Brisbane, Melbourne, Perth, Darwin, Sydney and Adelaide, and Thinc also operates in New Zealand, Fiji and Indonesia.

Clancy said: 鈥淭hinc has allowed us to build capability in other regional markets including New Zealand, Fiji and Indonesia.

鈥淚n Australia, we鈥檝e already seen as market leader for [our consultancy] sercvies anyway, but Thinc was well placed in the three key areas of our business [infrastructure, property and natural resources].

Clancy said the acquisition of Thinc formed part of the firm鈥檚 strategy to build up the capability to bid for key global corporate client contracts. Clancy said: 鈥淥ne of our successes is that over ten years ago, came up with strategies to target clients and provide a global service. servicing global clients on a global basis.鈥�

Clancy added the firm would consider further acquitisions to help improve depth in key markets worldwide, adding: 鈥淥ur business model is driven by organic growth but if we continue to see great companies or opportunities where you can expand rapidly we will consider them.鈥�

T&T said the deal makes it Australia鈥檚 largest independent project manager. T&T鈥檚 existing Australian clients include National Australia Bank, Brisbane Airport, and Transport for New South Wales.

Current Thinc chief executive Geoff Hardy will stay on at T&T and lead the firm鈥檚 specialised project management practice in Australia.

Hardy said: 鈥淭hinc鈥檚 ability to provide impartial and authoritative expertise across all aspects of project management has been crucial to our brand identity, and our success. By joining with Turner & Townsend we will maintain our independent approach while also strengthening our offering to clients.鈥�