Tebodin is selling its operations in the Asia Pacific region to Archetype Group, a multidisciplinary construction company established in Vietnam in 2002. The agreement was signed on 4 March in Singapore.
Archetype group provides Tebodin a partner with a services portfolio complimentary to Tebodin’s own services portfolio, thereby strengthening the position of Archtype in diverse market segments in Asia Pacific.
Archetype provides architectural and engineering services, project- and construction management and cost management to building and real estate market and to large industrial projects. This acquisition will strengthen Archetype’s Industrial division and will provide a complementary extension to the company’s activities in Building & Real Estate and Environment & Infrastructure.
Tebodin, based out of the Netherlands, is specialized in engineering and EPCm services and has a strong focus on the industrial market segment. ‘We have found a strong and developing engineering company for our operations in Asia Pacific, whose business is highly complementary and whose focus is on growing the Asia Pacific region’, says Jürgen P. von Hollen, CEO of Tebodin B.V. ‘Our local and international clients will benefit from the strengthened expertise and broad coverage in Asia Pacific, Archetype will offer.’
Mr. Pierre-Jean Malgouyres, General Director Archetype Group: ‘With the acquisition of Tebodin, we reinforce our market presence in Vietnam, Thailand, India, Myanmar and Indonesia and allows us to extend our reach to China, which is in line with our development strategy.’
Adapted from press release by Rebecca Bowden
Read the article online at: https://www.worldcement.com/asia-pacific-rim/09032016/tebodin-sells-asia-pacific-operations-653/