North American engineering consultancy giant WSP is reported to be in talks with rival AECOM about a possible merger.
Financial news service Bloomberg says Canada-based WSP initiated the discussions with its US-based rival. It reported on 4 March that a deal could be announced “as soon as next week”, adding that WSP was valued at $7bn and AECOM at $8.1bn.
Neither firm has made a statement since and the impact of the COVID-19 virus on the global economy could affect matters. Construction Dive on 6 March reported a source saying current market volatility could lead discussions to “drag on further or fall apart”.
Glenigan told New Civil Engineer that the firms had won £951.8m of work in the UK in 2019, enough to put a combined group in first place in the league table for engineering and surveying services.
Both firms have a huge presence in the UK transport sector.
The firms have grown organically and through acquisitions. WSP acquiring Parsons Brinckerhoff in 2014.
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