Worley increases its O&M capabilities with TWPS acquisition
Worley - a global engineering company that provides project delivery and consulting services to the resources and energy sectors, as well as complex process industries - has acquired Ferrovial’s 50% shareholding of TW Power Services Pty Ltd (TWPS), resulting in a 100% ownership.
The acquisition will boost Worley’s operations and maintenance (O&M) provisions for its critical infrastructure projects in Australia New Zealand and South East Asia (APAC).
Dating back to 2004, Worley established TW Power Services - one of the largest independent operations and maintenance service providers in Australia’s power sector - with 700 employees. TW Power Services currently has contracts to operate and maintain more than 12GW of diverse power technology facilities which include power stations that are fuelled by renewable energy sources and gas pipeline assets.
This acquisition will improve Worley’s existing global power business, adding to the group’s already established O&M activities which currently service more than US$100bn in critical infrastructure assets in Australia alone.
Commenting on the acquisition, Worley’s Chief Executive Officer, Chris Ashton, expresses the company’s excitement at the opportunities provided by the acquisition. “We’re excited by the opportunities that will result from bringing TWPS into the Worley Group. This acquisition will accelerate the role we play in supporting our customers through the energy transition and digitalization of our industry, while enhancing our global operations and maintenance capability.”
“Through the commitment of an outstanding team, TWPS has become a leader in developing and applying digital technology to optimise and improve the effectiveness of O&M services for power generation in Asia Pacific.Having played a major role in the development of TWPS, our visions for the future are well aligned and the opportunities ahead will cement our combined position as a partner of choice for customers navigating energy transition and digital transformation challenges,” added Worley’s Regional Managing Director, Australia & New Zealand, Gillian Cagney.
Alongside its increased O&M capabilities, additional benefits Worley will see as a result of the acquisition includes:
- Partnering TW Power Services’ onshore wind capabilities with Worley’s offshore wind capabilities known as , the combination will enhance the company’s capabilities to produce an industry leading service offering for the global independent power market
- Leveraging TW Power Services’ leadership when it comes to the development and application of digital technologies within its O&M services across Worley’s entire global O&M business
- Combining experience in O&M with technical and delivery expertise to support customers across the full asset life cycle
- Deployment of TW Power Services experience, systems and experience across Worley’s different global power technologies
Amobee Appoints Nick Brien As CEO
In its latest strategic move, Amobee—a global multimedia advertising leader—announced that Nick Brien will be its Chief Executive Officer. The company is entirely owned by Singtel, Asia’s leading communications technology organisation, which provides consumers with mobile, broadband, and TV and businesses with data hosting, cloud, network infrastructure, analytics, and cybersecurity tools.
Brien, who has worked for Microsoft, Intel, P&G, and American Express, will take over to drive the next generation of advertising tech. Said Evangelos Simoudis, Chairman of the Board of Amobee: ‘Nick has the deep expertise in advertising that we need to seize the market opportunities ahead’.
How Did Brien Get Here?
Before joining Amobee, Brien led 15,000 people across 40 divisions as CEO of the Americas for Dentsu International. For thirty years, he’s helped brands pilot unique advertisements, keeping up with the latest trends. He’s served as CEO of McCann Worldgroup, global CEO of IPG Mediabrands, President of Hearst Marketing Services, and CEO of iCrossing. Over the course of his career, he’s consistently strategised how to keep up with digital shifts. Now, he’ll capitalise on Amobee’s legions of experienced data scientists and developers.
‘I’m excited to be joining Amobee at such a transformative time in our industry’, Brien explained. ‘We’ll pilot advertising accountability and intelligent decisioning. And there’s no doubt in my mind that optimising media performance—whether you’re targeting, planning, buying, or delivering—can only be achieved using applied science, machine learning, and data analytics’.
What Does This Mean for Amobee?
Amobee is set on growing its personal brand within the advertising sector. As APAC social media influencers, Gen Z growth hackers, and viral content producers start to enter the field, established companies will be working doubly hard to keep up. Amobee, however, is still looking good. With a Gartner Magic Quadrant for Ad Tech, a Forrester New Wave recognition, and now, Nick Brien as CEO, the firm is set up for success.