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JapanEconomy2 days ago

Japan builder Obayashi buys peer Multiplex Global for $540m

Japanese construction firm Obayashi has agreed to acquire Multiplex Global, an Australian-based builder with operations in the U.K. and Canada, for approximately $540 million. The acquisition is part of Obayashi's global expansion strategy aimed at compensating for declining domestic demand.

Business deals

Acquisition part of global expansion strategy to offset waning demand at home

Obayashi's share of overseas construction projects in annual revenue stands at 33%. (Photo by Masayuki Kozono)

YASUAKI TAKAO and KOHEI OKUYAMA

June 19, 2026 03:59 JST

TOKYO -- Construction group Obayashi will acquire Multiplex Global, a builder operating in Australia, the U.K. and Canada, for roughly $540 million, the Japanese company said Thursday.

Read the full article at Nikkei Asia →

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Nikkei AsiaIndependent🔒Center
Japan builder Obayashi buys peer Multiplex Global for $540m

Japanese construction firm Obayashi has agreed to acquire Multiplex Global, an Australian-based builder with operations in the U.K. and Canada, for approximately $540 million. The acquisition is part of Obayashi's global expansion strategy aimed at compensating for declining domestic demand.

Bias read (Center): The article reports on a business acquisition without taking a stance on political issues. It focuses on corporate strategy and does not include any biased language, framing, or sourcing that would indicate a political lean.