Construction News

Sun August 09 2020

Related Information

Aecom completes URS acquisition

20 Oct 14 Aecom has completed its US$6bn (£3.5bn) acquisition of URS Corporation, which was announced in July.

Aecom and URS have worked together on projects including the London Olympic Park
Aecom and URS have worked together on projects including the London Olympic Park

"Today is an exciting and historic day – for our industry, for Aecom and URS, and for our nearly 100,000 people around the world who are serving our clients in over 150 countries,” said Michael Burke, Aecom chief executive officer. “Beyond the compelling benefits that this transaction creates for our combined clients, stockholders and employees, the combination of Aecom and URS dramatically accelerates our strategy of creating an integrated delivery platform with superior capabilities to design, build, finance and operate infrastructure assets around the world.”

The acquisition further diversifies Aecom's market presence, as URS brings experience in markets including oil and gas, power and government services. URS also adds to Aecom’s construction capabilities.

“During the past three months, as we have advanced our integration planning efforts, my belief that Aecom and URS had highly complementary operations and cultures has been solidly confirmed,” Burke said. “Our leaders have collaborated to develop a comprehensive integration plan that will leverage our greater scale across our global platform. We are confident that we will achieve our target of US$250 million in annual cost synergies.”

Got a story? Email news@theconstructionindex.co.uk

MPU
MPU

Click here to view more construction news »