The transport consultancy sector has taken another step along the road of consolidation with engineering firm AECOM’s acquisition of fellow US engineering consultant URS Corporation in a cash and stock deal valued at US$4bn.
The combined company will have more than 95,000 staff (45,000 AECOM, 50,000 URS) based in 150 countries and in 2013 would have had revenues of $19bn and EBITDA of $1.3bn.
“In one step we will dramatically accelerate our strategy of creating an integrated...
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