Chinese Firm Pays $15 Million for Peddle Thorp and Walker
Peddle Thorp and Walker One of Australia’s oldest architectural firms, Peddle Thorp and Walker (PTW) has just been purchased by the Chinese design and construction firm China Construction Design International (CCDI) for approximately $15 million dollars.
PTW had been concerned in recent years about cash flow issues and with this deal, that concern will be able to be alleviated now that the deal as done. It will also allow for PTW to have more work going into a much larger Asian market in the long term.
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