ACX 0.00% $7.79 aconex limited

New A$500m Thiess project.

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    Aconex enterprise partner, Thiess, has recently been awarded a new A$500m mining project in the Hunter Valley

    CIMIC group, of which Theiss is a subsidiary, builds all it's new projects Australia and Asia on Aconex.

    From the 2015 agreement announcement, which also involved the purchase of INCITE/Keystone:

    "The strategic partnership is expected to build long-term commercial value for both companies. Aconex anticipates that the partnership will generate a minimum of A$16.5 million of committed revenue for the base management of existing and new projects over the next four years. INCITE Keystone currently hosts projects for CIMIC subsidiaries including Leighton Contractors; Leighton Asia, India and Offshore; and Thiess, the world’s largest contract miner, as well as other companies such as John Holland."

    Good to see large Australian projects like this coming in for Aconex.

    This post is based on my own research and is not investment advice. When making investment decisions, always DYOR.
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