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

    http://www.cimic.com.au/__data/assets/pdf_file/0010/34939/1664612.pdf

    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."

    https://www.aconex.com/news/article/aconex-forms-strategic-partnership-cimic-group

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

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