Africon, Connell Wagner and Ninham Shand Announce Formation of a New Global Group
16 March 2009 - Connell Wagner (Pty) Ltd, one of Asia Pacific’s largest and most experienced multi-disciplinary infrastructure consulting companies, Africon (Pty) Ltd, South Africa’s largest privately owned infrastructure consultancy, and Ninham Shand (Pty) Ltd, one of South Africa’s most established engineering and environmental consultancies, have today confirmed that they have come together to form a new multi-disciplinary global group.
The newly created group, called Aurecon, will provide professional technical services on large scale integrated infrastructure projects to clients across Europe, Middle East and Africa (AME) and Asia Pacific (APAC). Given the geographical reach of Aurecon’s operations, the global group will be headquartered in Singapore and employ over 6 700 people across 87 offices in 28 countries.
It is anticipated that Aurecon will rank in the top 60 global consulting firms based on the anticipated combined revenues of the combined businesses.
Paul Hardy, previously CEO and Chairman of Connell Wagner, has been appointed Aurecon’s Global CEO and the former non-executive Chairman of Africon, Professor Jakes Gerwel, will be Aurecon’s non-executive Global Chairman. Dr Gustav Rohde, previously CEO of Africon, and Arnie Möhr, past Managing Director of Ninham Shand, will assume the roles of CEO AME and Deputy Chairman of the Leadership Team, AME Zone, respectively.
Paul Hardy, Aurecon CEO, said: “The formation of Aurecon is about bringing together three companies which share a common vision with the aim of both complementing and strengthening the capabilities of each organisation.
“As Aurecon, we have the opportunity to leverage our considerable expertise across a wide range of sectors and offer our clients an expanded range of technical skills and services. In addition, we are able to both provide greater opportunities for our employees, and grow the bottom line for our shareholders. Aurecon will also reduce our reliance on local business and allow for expansion into new markets within growing economies where we currently have little or no presence.”
The requirements for Black Economic Empowerment in South Africa have been recognised and incorporated into the final ownership model. Aurecon will assume a status as a level 4 contributor to Broad-Based Black Economic Empowerment in South Africa.
Approval for the formation of Aurecon has been provided and is unopposed by the South African Competition Commission.