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Canadian giant eyes Atkins takeover

CONSULTANCY

13 April 2017
 

Canadian engineering and construction group SNC-Lavalin has made a £2.1bn bid for UK multi-disciplinary consultant WS Atkins.

Atkins’ board has said it is prepared to recommend the indicative offer, which represents “real value to shareholders”.

SNC has until 1 May to make a firm offer. 

A bidding war is possible. US engineering giant CH2M and Atkins held exploratory merger talks earlier this year, though CH2M did not table an offer. 

Atkins employs 18,300...

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