Temasek Holdings and JTC to merge

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http://www.todayonline.com/business/local-firms-gain-merger-temasek-jtc-units?singlepage=true

The planned merger of four subsidiaries under Temasek Holdings and JTC Corp does not just mean big money for the combined entity eyeing a slice of the lucrative Asian infrastructure market, but also for local companies in related industries looking to ride on the spin-off benefits.

It is estimated at US$8 trillion (S$10 trillion) between 2010 and 2020.

Last week, the two government-owned companies said they were looking to merge Temasek’s Singbridge Group and Surbana International Consultants with JTC’s Ascendas and Jurong International Holdings into a combined entity that could bid for bigger infrastructure projects in Asia.

The four companies employ about 4,000 staff and generate an estimated S$1.2 billion in annual revenue in total.

Companies across the engineering, energy, transport, water and sanitation, and integrated township planning sectors, among others, should be gearing up for bigger roles as the demand for infrastructure mounts with the rapid pace of urbanisation in this part of the world, industry experts said.