Urban development strengthened by recent acquisition
Cardno is now one the largest urban development teams in Victoria following the acquisition of 130-person engineering firm TGM Group.
The acquisition was announced last December and brings together two of Victoria’s leading urban development teams with additional specialists in geosciences, transport, water and environmental.
Cardno Victoria General Manager Rod James says the new team will play a central role in Victoria’s urban development scene.
“We now have one of Victoria’s largest urban development teams, an expanded buildings and structures team, and one of the largest and most experienced survey teams across the state”.
“This enables us to help clients by delivering complementary capabilities and gives us the scale to compete for larger projects,” said Rod.
Despite recent market softening in established urban markets, Victoria is experiencing an unprecedented period of urban development in conjunction with a transport construction boom.
Large-scale greenfield residential development in the peri-urban and regional areas is complimenting strong residential development activity in middle ring Melbourne locations serviced by existing transport networks.
The acquisition of TGM has also enabled Cardno to strengthen its presence in regional Victoria.
“TGM is a leading player in regional Victoria with a strong market position in Geelong and Ballarat”.
“This provides us with a footprint in regional Victoria which will be important as the rate of urban development in those areas continues at recent strong levels,” said Rod.
TGM will formally rebrand to Cardno TGM on 1 July 2019.