Major project management acquisition in Australia
Turner & Townsend have acquired Australian project management specialist Thinc, becoming Australia’s leading independent project manager - increasing Turner & Townsend's headcount by over 50 percent in Australia.
The acquisition unites two independent consultancies with shared values and complementary skills, and creates an even stronger company with more than 400 expert staff based in ten locations across Australia.
The acquisition is a key part of the global professional services company's ambitious expansion strategy for Australia and follows a period of continuous organic growth across its business. Australian clients include National Australia Bank, Brisbane Airport, and Transport for NSW, Canberra University and Woolworths.
Thinc has a strong track record of providing strategic planning and management of projects across Australia in all sectors, and its clients include Virgin, Queensland Health, Western Australia Public Transport Authority, Dalian Wanda and Queensland Investment Corporation. The company also operates in New Zealand, Fiji and Indonesia.
Thinc will become Turner & Townsend Thinc, a specialist project management practice operating within Turner & Townsend's Australian business. It will have offices in Adelaide, Brisbane, Cairns, Canberra, Darwin, Gold Coast, Melbourne, Perth, Sydney and Townsville.
Vincent Clancy, CEO of Turner & Townsend, commented:
The acquisition of Thinc brings even greater capability, knowledge and expertise to our Australia business. Our clients rely on our blend of global expertise and in-depth local knowledge to help them get crucial business decisions right, and Thinc’s talented team will bolster both our skills base and our offering in Australia.
“Our rate of organic growth in this market has been impressive. We have secured several high-profile wins, including the country’s largest public transport scheme - Sydney’s North West Rail Link.
“The acquisition is part of Turner & Townsend’s wider strategy for growth – Turner & Townsend and Thinc share similar culture and values, and our combined company remains committed to providing world-class, independent advice for its clients in all sectors.”
