A PYMNTS Company

US: AECOM presses shakeup for $6B construction buy

By  |  July 14, 2014

Technology conglomerate AECOM has reportedly struck an agreement to acquire construction group URS for $6 billion, four months after the companies agreed on a restructuring plan for URS.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    AECOM pursued a takeover of the construction company on the grounds that URS restructured its board of directors and changes its strategic options, but reports say despite the overhauls, URS will remain a single entity. Reports say the merged company will hold oil and gas, power and government service capacity and have an annual revenue of more than $19 billion.

    The companies first announced plans to merge late last week.

    Full content: ENR Construction

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.