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Nidec to acquire Embraco

Japanese firm Nidec has announced it will acquire Embraco, Whirpool Corporation’s compressor business, in a deal worth US$1,080 million. While Nidec has traditionally been known as a major manufacturer of electric motors, it has recently added compressors to its product portfolio, first with the purchase of the Secop Group in 2017, and now with the acquisition […]

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Aurecon acquires digital agency Studio Magnified

In a move that will diversify its digital engineering and advisory offering and continue to drive its own digital transformation, global engineering and infrastructure advisors Aurecon announced it is acquiring market leading digital agency Studio Magnified (formerly Squint Opera Australia). The team of 25 digital designers and creative strategists renowned for their work in infrastructure […]

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Project Bank Accounts

The first phase of Project Bank Accounts (PBAs) is underway from March 1. Project Bank Accounts (PBAs) are the centre of the Government’s building industry fairness reforms and a key part to help make sure subcontractors are paid in full, on time, every time. This first phase applies to Queensland Government building projects valued at […]