Acquisition Through Webcor

Japanese construction company Obayashi Corp. announced it will acquire Phoenix-based GCON Inc. and its two affiliates. The deal will be completed through Obayashi’s U.S. subsidiary, Webcor L.P. Financial terms were not disclosed. GCON operates in ten states, offering construction management services for data centers, semiconductor facilities, healthcare, aviation, public works, commercial projects, and higher education. The acquisition follows rising U.S. demand for advanced construction tied to AI and high-tech industries.

RTTNews via NASDAQ:

Obayashi Corp., a Japanese construction company, Friday announced its agreement to purchase US-based construction Company GCON Inc. and its two affiliated companies. The financial terms were not disclosed.

The acquisition will be through Obayashi’s US construction subsidiary Webcor L.P.

Arizona-based GCON, a full-service construction management firm, provides services across ten states. The services include for technology consisting of data centers and semiconductor manufacturing, healthcare, public works sectors, aviation, commercial, higher education division.

The acquisition comes amid the rapid demand growth in U.S. construction market for critical environments mainly due to increasing demand for AI technologies.

The Japan-based company said it will leverage GCON’s local network, customer base, and construction process in US and aims to promote its corporate value by expanding its business into Arizona, a neighboring state of California where Webcor is based.

On the Tokyo Stock Exchange, the shares were trading 1.16 percent higher at 2482 yen.

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About Obayashi Corporation

Obayashi Corporation is a leading Japanese general contractor founded in 1892. The company offers construction, architecture, and real estate services worldwide. It is known for major projects such as buildings, tunnels, highways, and large infrastructure developments. Obayashi has a strong presence in North America, Southeast Asia, and Oceania. The company is publicly traded on the Tokyo Stock Exchange and is recognized for its advanced technologies and focus on innovation.

Webcor Builders, established in 1971, joined Obayashi group in 2007. Webcor Builders specializes in several product types throughout the Western United States, including office buildings, shopping malls, hotels, multi-unit residential, and hospitals.