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Cardno offloading last vestiges in $56m foreign aid deal

Liam WalshReporter
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Cardno is selling the last vestiges of a former 8200-staff strong infrastructure consultancy, offloading its international aid arm to a charity-backed organisation in a $56 million deal.

The deal, announced Monday morning, has DT Global snapping up Brisbane-based Cardno’s international development arm with almost 1500 employees. It marks more buyout activity in businesses touching the environmental, social and governance sector.

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Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
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    Original URL: https://www.afr.com/companies/infrastructure/cardno-offloading-last-vestiges-in-56m-foreign-aid-deal-20220328-p5a8n0