AusRAIL, Market Sectors

Coffey acquires two rail consultancies

<p>Project management company Coffey International today (Monday, July 2) acquired the railway engineering consultancy Asia Pacific Rail and project and contract management consultancy John Wertheimer Consultants, both founded and owned by John Wertheimer. </p> <p>Coffey paid $6.4m in cash and $0.5m in shares for the single transaction. </p> <p>More than 50 track, signalling and rail infrastructure and project management specialists will join Coffey’s staff as part of the deal.</p> <p>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 the Coffey group. </p> <p>The business will specialise in rail infrastructure consulting and engineering. Coffey aims to grow this business rapidly organically and through acquisitions. </p> <p>Asia Pacific Rail, located in Victoria and New South Wales, provides advisory and technical engineering services in railway infrastructure, mostly to governments. </p> <p>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. </p> <p>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. </p> <p>Coffey’s project management business previously consisted of Clifton Coney Group and was bolstered by the acquisitions in November 2007 of Haralambous Dowse in Canberra, Duncan Rhodes in South Africa and the Carson Group in New Zealand and Australia. </p> <br />