Murphy has bought Aecom’s design-and-build business in Ireland.
The London-based infrastructure specialist acquired Aecom Design Build Ireland to expand its capabilities in the water sector.
Murphy said the acquisition would strengthen its position in the water market, providing ”significant design, engineering, commissioning, operations and maintenance expertise”.
The move comes ahead of a number of water clients in the UK and Ireland setting out their future investment plans for AMP7.
Murphy has a target to grow its turnover to £2bn by 2020.
Chief executive Steve Hollingshead (pictured) told Construction News last year the company was open to acquisitions as part of its growth plan.
He said: “We will look around for other opportunities in the market, but we don’t want to trade in places where the values that we espouse aren’t shared. We are not turnover junkies.”