Singapore Surbana Jurong buys Australian SMEC to create consulting giant
Singapore urban planning company Surbana Jurong intends to purchase SMEC, an Australian infrastructure consulting agency, for US $ 300 million.
Under the terms of the agreement, Surbana will repurchase 100% of the shares of SMEC. The combined company will comprise almost 10,000 people working in 95 offices in 40 countries in Asia, Australia, the Middle East, Africa, and South and North America. Lew Moon Lion, chairman of the board of directors of Surbana, said: “A significant part of Asia and other developing countries must compensate lack of infrastructure and a city-forming base in order to be able to develop and maintain their economies ”.
“According to the PriceWaterhouseCoopers report, infrastructure costs are expected to increase from $ 4 trillion per year in 2012 to more than $ 9 trillion in 2025, of which 60% come from the Asia-Pacific market.In addition to financing, extensive technical work and experience in the field of urban planning and infrastructure development will be required. ”
Surbana recently introduced the concept of “smart city in one package.” This is a set of 14 applications that are compatible with the virtual information panel and allow the leadership of cities to monitor processes in real time. Asia One Business reports that there is even an “smart toilet” application that determines whether it is time to clean the toilet. It has already been tested at Changi Airport in Singapore. Cameras for detecting drowning people have been tested in one public pool, other solutions for the “smart home” are in several new residential complexes. Water quality control application tested on reservoirs.
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The SMEC holding was formed in 1949 for the construction of the Snow Mountains hydrocomplex in New South Wales. At that time, it was one of the largest and most complex complexes in the world. The project, which took 25 years to implement, included 16 large dams, seven power plants, more than 225 km of tunnels and water lines and 2,000 km of roads.
Today, almost 6,000 people work in the SMEC, united in a global network with 75 offices in Asia, Africa, Australia and America.