COFFEY International Limited has acquired two companies: railway engineering consultancy Asia Pacific Rail Pty Ltd and project and contract management consultancy John Wertheimer Consultants Pty Ltd, both founded and owned by John Wertheimer.
Coffey paid $6.4 million in cash and $0.5 million in shares for the single transaction.
More than 50 track, signalling and rail infrastructure and project management specialists will join Coffey’s staff as part of the deal.
Asia Pacific Rail, which will continue to operate under its current name in the short term, will spearhead the formation of a new specialist rail business within Coffey group.
The business will specialise in rail infrastructure consulting and engineering.
Coffey aims to grow this business rapidly through organic and acquisition growth.
Asia Pacific Rail is located in Melbourne and New South Wales. It provides specialist advisory and technical engineering services in railway infrastructure, mostly to the Victorian Government.
Melbourne-based John Wertheimer Consultants provides project and contract management services in all aspects of project management, superintendency and project planning, in both the private and government sectors. It will be incorporated into the Coffey group’s new specialist project management business, Coffey Projects, which also begins business as a new entity today.