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Sat June 15 2024

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Atkins sells asset management business to Sodexo

6 Oct 11 WS Atkins is selling its UK Asset Management business to French service company Sodexo for £5m cash, plus a deferred conditional payment of £500,000.

Atkins UK managing director David Tonkin said: “Our Asset Management business provides property management services which have operated alongside Atkins’ core businesses of engineering design consultancy. We have for some time believed that this business would be best developed through integration with a company dedicated to on-site service solutions. We are therefore delighted that Sodexo will continue to develop this business under its brand.”

Sean Haley, who has led Atkins’ UK Asset Management business for the past seven years, will become chief operating officer of Sodexo Corporate Services Integrated Facilities Management.

The transaction is due to complete by the end of November.

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