CIMIC Group Forms 50-50 Joint Venture with Sojitz for UGL Transport Valued at A$800 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 20 2026
0mins
Source: NASDAQ.COM
- Strategic Partnership Established: CIMIC Group has formed a 50-50 joint venture with Sojitz for UGL Transport, valuing the business at approximately A$800 million, with CIMIC realizing cash proceeds of about A$500 million, enhancing its liquidity.
- Business Retention: CIMIC will retain full ownership of UGL's specialist engineering and industrial services across energy, resources, and infrastructure, ensuring its core operations remain unaffected and further solidifying its market position.
- Revenue Expectations: UGL Transport is projected to generate approximately A$1.1 billion in revenue by 2025, indicating strong growth potential in the transport services market across Australia and New Zealand, which could attract further investment opportunities.
- Regional Expansion Plans: This partnership will facilitate UGL Transport's service expansion in the Asia-Pacific region, with CIMIC planning to leverage Sojitz's resources and network to further increase market share and enhance competitiveness.
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Analyst Views on LTH
Wall Street analysts forecast LTH stock price to rise
8 Analyst Rating
8 Buy
0 Hold
0 Sell
Strong Buy
Current: 33.060
Low
36.00
Averages
40.50
High
48.00
Current: 33.060
Low
36.00
Averages
40.50
High
48.00
About LTH
Life Time Group Holdings, Inc. is a holding company. The Company provides health, fitness and wellness experiences at athletic country club destinations and via a digital platform and portfolio of athletic events. It designs, builds and operates athletic country club destinations that are large, multi-use sports and athletic, professional fitness, family recreation and spa centers in a resort-like environment. It operates approximately 190 centers in 31 states and one Canadian province. Its centers serve communities in both suburban and urban markets across North America. It offers fitness floors with equipment, locker rooms, group fitness studios and spaces, recovery spaces, indoor and outdoor pools and bistros, indoor and outdoor tennis courts, indoor and outdoor pickleball courts, basketball courts, childcare and kids' academy learning spaces. The Company offers a variety of convenient month-to-month memberships with no long-term contracts.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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