Turner Construction, part of the HOCHTIEF Group, has acquired 100% of Dornan. Based in Ireland, Dornan specializes in engineering and operates across Ireland, the UK, Continental Europe, and the Nordics, delivering services for complex, large-scale projects primarily for blue-chip clients in the advanced technology sector.
Dornan, with its 1,000 direct employees, is expected to generate approximately €700 million in sales in 2024, supported by a robust backlog of work valued at €1.1 billion.
This acquisition will accelerate Turner’s strategic growth in Europe, where the company has identified around €20 billion in advanced technology project opportunities.
HOCHTIEF CEO Juan Santamaría stated, “The acquisition marks a significant milestone in our strategy. Dornan has established long-term, partnership-based relationships with its customers.”
Peter Davoren, President and Chief Executive of Turner Construction Company, added, “Dornan brings incredible strength to Turner and is a vital part of our strategy to serve clients wherever their needs arise. The combination of Turner and Dornan will allow us to provide a broader range of innovative services and solutions that our clients are seeking in Europe.”
Brian Acheson, Chief Executive Officer of Dornan, expressed optimism about the merger, stating, “Our employees and clients will greatly benefit as Dornan joins the Turner family of businesses. Our clients will continue to receive the same level of superior service as we deliver complex technical projects on time and within budget. They will also gain from Dornan’s increased scale as part of a combined group with over $18 billion in turnover. Similarly, our employees will have greater opportunities for growth through Turner. I am genuinely excited and look forward to our future together.” The current shareholders, who are also part of Dornan’s key management team, will retain their positions following the transaction.
As the multinational client base of Turner and Dornan continues to expand, there is a growing demand for construction and engineering services across Europe. Clients are also leveraging Turner’s global supply chain business, SourceBlue, which helps overcome supply chain challenges and enhances certainty in schedules, budgets, and project outcomes.
The transaction is pending approval from the merger control processes in the European Union and the United Kingdom.
