The purchase was made through newly established Obayashi Canada Holdings Ltd, set up specifically to make this acquisition.
Obayashi said that the expected growth in public sector construction made Canada a 鈥渉ighly attractive鈥� market.
Kenaidan鈥檚 current management, led by CEO Aidan Flatley, will continue to operate the company following the acquisition.
Kenaidan has 280 employees and annual sales of CAD 206m (鈧�150m) in 2010.
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