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Surbana Jurong buys Australia's SMEC as it expands regional presence

SINGAPORE -- State-owned infrastructure consultancy Surbana Jurong has acquired an Australian peer for 400 million Singapore dollars ($298 million) as part of its efforts to expand in Asia.

Wong Heang Fine, Group CEO of Surbana Jurong

The 100% acquisition of SMEC Holdings will increase Surbana Jurong's headcount by more than double to almost 10,000 employees across 40 countries. The company's combined revenue post-acquisition is also expected to grow to about S$1.1 billion, according to Wong Heang Fine, group CEO of Surbana Jurong in a media briefing on Monday.

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