AECOM acquires Davis Langdon
AECOM Technology Corporation has acquired Davis Langdon in a US $325 million deal.
/* Style Definitions */table.MsoNormalTable{mso-style-name:”Table Normal”;mso-tstyle-rowband-size:0;mso-tstyle-colband-size:0;mso-style-noshow:yes;mso-style-priority:99;mso-style-qformat:yes;mso-style-parent:””;mso-padding-alt:0in 5.4pt 0in 5.4pt;mso-para-margin:0in;mso-para-margin-bottom:.0001pt;mso-pagination:widow-orphan;font-size:11.0pt;font-family:”Calibri”,”sans-serif”;mso-ascii-font-family:Calibri;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:”Times New Roman”;mso-fareast-theme-font:minor-fareast;mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin;}
AECOM Technology Corporation has acquired Davis Langdon in a US $325 million deal.
In a statement, Davis Langdon chairman Rob Smith said: “In partnership with AECOM, Davis Langdon will be well-positioned to deliver our front- end cost and project management, and consultancy services as part of a complete end-to-end offer. This will allow us to better serve our global customers while presenting new long-term growth opportunities for our employees"
Davis Langdon’s worldwide client base has included Abu Dhabi International Airport, the UK’s Eden project and the Grand Egyptian Museum in Cairo.
Middle East operations Kevin Simms said the merger will give Davis Langdon the ability to diversify into social infrastructure such as water and transportation and “further global expansion”, according to local news reports.
The new firm will begin trading as ‘Davis Langdon an AECOM Company’, and have not ruled out the potential for future re-branding.
The mutually beneficial arrangement will boost Davis Langdon’s 10-strong staff in Saudi Arabia to around 800, while AECOM will be able to establish a presence in Jordan and Lebanon. The companies will also strengthen their presence in Oman.
Simms told The Big Project: The deal was done on the basis that we were going out to capture bigger and more exciting projects together but there are no plans as to what those are as yet. As and when we do take to capture those major projects we will be recruiting accordingly and will tap resources from around the world.”
“One of the joys is the geographic foot print of the two organisations has now expanded. The amount of growh opportunities here means there are all kinds of markets opening up.”
Earlier this year AECOM also acquired Tishman Construction Corp in a US $245 million cash and stocks deal.
