Atkins announces launch of new advisory business
Launch of Atkins Acuity saw a number of senior hires from organisations like McKinsey and the World Economic Forum
Atkins has announced that it has started a new end-to-end advisory consulting business with the aim of generating around £200 million ($283.9m) in revenues within four or five years.
The Atkins Acuity unit is set to provide services such as financial structuring, economic and strategy consultancy, organisational development, operations improvement, programme management and due diligence, and these will be available to clients in the Middle East, South East Asia and Africa.
The company has also made a number of senior new hires for this business unit from organisations including McKinsey, KPMG, Arthur D Little, World Economic Forum and Standard Chartered Bank.
The clients that this business will target include governmental institutions, civil authorities, IFIs, private investors, large corporates and funds.
According to the press release, it has already secured new mandates in a number of countries like Turkey, Sri Lanka, Malawi, Kenya, Tanzania, Saudi Arabia and United Arab Emirates.
In Sri Lanka the business is providing consultancy for the development of flood and drought risk mitigation investment plans and in east and southern Africa, it is helping deliver sustainable energy for all through sector reform.
Dominic Harvey, chief executive officer of Atkins Acuity, said: “By combining our engineering heritage with this broader offering of skill sets, our aim is to ensure upfront that projects are technically sound, properly structured and bankable in the international market. We’ll support our clients for the long term, building legacy capability to make sure their teams are fully functional and fit for the future.”
Atkins’ chief executive officer Uwe Krueger added: “Atkins Acuity is a direct response to our client’s needs to deliver more rewarding and higher-value partnerships for infrastructure and energy investments. We believe Governments, corporates and financial institutions alike are frustrated at bottle-necks in programmes and a lack of delivery – the Atkins Acuity end-to-end advisory service is designed to help change that.”
