AECOM buys out KPK, expands Asian footprint
Buyout of construction consultant increases total number of employees in Asia to more than 8,000
AECOM, the US owned provider of technical and management support services for public and private clients across more than 130 countries, announced on Tuesday that it had acquired KPK, a construction cost, contract and project management consultant with operations all over Asia.
The move expands AECOM’s sizeable footprint in the region due to KPK’s existing client base in the region. Established in 1973, the firm has more than 600 employees spread across countries like mainland China, India, Malaysia, Sri Lanka and Vietnam.
The construction cost consultancy will become part of Davis Langdon, an AECOM subsidiary.
“KPK will enhance the offerings of our David Langdon cost and project consultancy business throughout Asia, which is part of our targeted, balanced growth strategy,” said John M Dionsio, AECOM chairman and chief executive officer.
KPK provides consultancy services for a wide range of facilities, including commercial, residential, industrial and healthcare. Once the deal is completed, the consultancy will go into the market under the ‘Davis Langdon KPK’ banner.
“This will be a very significant development for our business in Asia, as well as for AECOM’s Davis Langdon operations,” said Tony Shum, AECOM chairman for Asia. “KPK will have access to the wealth of industry-leading technical capabilities from AECOM as well as the consulting expertise that Davis Langdon has around the world.”
“Together, AECOM and KPK will provide a strong foundation to expand our project management and consultancy offering in the region,” he added.
While the transaction is subject to customary closing conditions, it is expected to close during the fourth quarter of 2012. Once the deal is finalised, AECOM will have more than 8,000 people across Asia.
“We will be able to provide our clients with AECOM’s global service offerings while creating new professional-development opportunities for our employees,” explained Dato’ Sri Kandan, chairman of KPK.
