Aecom, which had been targeted by activist investor Starboard Value last year, agreed in October to sell its management services division to a group of private equity firms for $2.4 billion. Bloomberg News first reported in January that WSP had approached Aecom about a potential deal. Reference Link There's no guarantee that the approach will result in a deal, Hammond notes. Wittmann believes a potential deal could push the share into the high $50’s but he maintained his $50 price target on Aecom shares. The purchase is WSP’s fifth this year, following US-based healthcare engineer Leach Wallace Associates, UK consultant Indigo Planning, French geotechnical company Sepia and Swiss engineer Todt, Gmur + Partner. Audit Committee Board of Directors Business Conduct Hotline Constating Documents Approximately 775 employees. Representatives for Los Angeles-based Aecom and Montreal-based WSP didn’t immediately respond to requests for comment. However, in October last year Aecom announced the $2.4bn sale of its Management Services business to American Securities and Lindsay Goldberg. AECOM (/ eɪ. The basketball net-inspired designs for the 900,000-square-foot arena include a solar panel tile cladding system as well as a sunken basketball court overlooked by stacked seating areas, according to The Los Angeles Times. WSP Global's U.S. shares traded … AECOM was appointed as the Contractor Designer for the civil and structural engineering design of the new £300 million tram scheme that runs between Hucknall and Station Street in Nottingham. It is listed on the Toronto Stock Exchange and they employ around 48,000 people. Amentum Agrees to Acquire DynCorp International. Digital Edition: WSP reportedly in talks with Aecom about merger WSP and Aecom are reportedly in talks about a possible merger. AECOM has announced the final arrangements for its merger-acquisition of URS. Serious News for Serious Traders! "Buys out every engineering company....then lays off the employees" ... AECOM usually informs employees about acquisitions of engineering firms by email w/o solid explanation of how this benefits long-term growth. Prior to joining AECOM Henk has worked for RMS as Manager, Geotechnology. You have read 1 … Barwell is a near 20-year veteran at the firm and began his career in the industry as an engineer at … WSP's Q4 and 2020 Results. 2 spot of global environmental consulting companies by revenue, behind California-based Aecom, according to a … WSP approaches rival Aecom over potential deal, Bloomberg says. That deal was in part driven by Jacobs' desire to make headway in the UK market, while Jacobs said a driver was CH2M’s strength in the water and transportation sector. Aecom’s UK chief executive David Barwell has been replaced in the top role by a former RAF wing commander who joined the business three years ago. A deal with Los Angeles-based industry heavyweight AECOM … Mega-Mergers Update: AECOM & URS, WSP & Parsons Brinckerhoff. Key design role for delivering a steel framed superstructure design and steel footbridge at Station Street Station in Nottingham. In a statement WSP said the terms of the acquisition have been approved by the boards of directors of both WSP and Balfour Beatty plc. Additionally, the $17.67 average price … The stock has climbed 71% over the past year. We will release our 2020 fourth quarter and fiscal results on February 24, 2021 after market close. "Meanwhile, WSP's acquisitions of U.S.-based construction and engineering firms go back several years," reported Construction Dive, detailing the Canadian company's strategic shopping spree that included notable acquisitions of companies like Berger Group Holdings Inc., Parsons Brinckerhoff, and Ecology and Environment Inc. . Reports in the media last week about consulting giant WSP approaching rival AECOM about a potential merger deal - based on an original article from Bloomberg - have neither been confirmed nor denied by the parties involved. Ground-level view of the plaza leading to the arena. The framework is divided into three regional lots: Aecom, Mace and WSP have been selected for Lot 1 (the southwest) and Lot 3 (northwest, midlands and Wales). He has more than 30 years professional experience in a broad range of geotechnical engineering projects with a particular emphasis on infrastructure projects in Australia, South East Asia and South Africa. Aecom shares stood at $49.85 at last check, up 5.8%. The company is listed on the New York Stock … AECOM has agreed to sell its management services unit to private-equity firms Lindsay Goldberg and American Securities for about $2.4 billion, the U.S. construction and engineering company said. E&E employs 775 staff and generated $75m in revenue last year, of which 80% came from the US. September 25, 2020. As of January 31, 2020, AECOM has completed the sale of its Management Services business to affiliates of Lindsay Goldberg and American Securities LLC who have created a new entity, Amentum. The deal will see WSP buy the firm for US$1.24bn (£753M) plus an additional consideration for cash retained by Parsons Brinckerhoff of up to US$110M (£67M), subject to certain closing and post-closing adjustments. WSP instead has acquired Golder, a Canada-based international environmental consulting firm. The acquisition will propel WSP to the No. Henk is currently Technical Director, Ground Engineering at AECOM. Aecom recently reported a 2% decline in global revenue for fiscal year 2020, posting $13.2 billion. WSP has been growing recently with other high profile acquisitions. You May Also Be Interested In. Vote “Outperform” if you believe WSP … He said WSP is a known acquirer with big goals, the cost synergy potential could be signficant, and the recent share price move higher has been inexplicable on a fundamental basis. WSP Global shares fell less than 1% to C$88.48 in Toronto, valuing it at about C$9.4 billion ($7 billion). Rival WSP was reportedly in talks to buy Aecom before the pandemic put a halt to the conversation. With only Buys assigned in the last three months, 3 to be exact, the word on the Street is that CKPT is a Strong Buy. An Aecom/WSP merger would be the biggest merger since Jacobs bought CH2M for £2.15bn in August 2017. ... Besix buys … WSP/AECOM deal rumours unconfirmed. AECOM provides planning, consulting, architectural and engineering design, and program and construction management services for a broad range of projects, including highways, airports, bridges, mass transit systems, government and … By joining WSP, we will significantly strengthen our competitive position across the world, providing us with access to the global network and the expertise of one of the leading firms in our industry.” About E & E. Environmental consulting firm. Canadian engineering services firm WSP has approached rival Aecom over a potential deal, Bloomberg's Ed Hammond reports, citing people familiar with the matter. The company's official name from 1990 to 2015 was AECOM Technology Corporation, and is now AECOM. A tie-up with Aecom would give WSP a bigger share of business in the U.S. and could generate cost savings of about $200 million, Deutsche Bank analyst Chad Dillard wrote in … The URS stockholders were given a choice between taking cash or shares in AECOM. Aecom, which rose 3.4 per cent in late trading Monday, has a market value of about $7.4 billion while WSP has a market value of $9.9 billion. WSP Global Inc. WSP Global Inc. is a Canadian business providing management and consultancy services to the built and natural environment. As an independent company, Amentum, a premier global technical and engineering services partner supporting critical programs of national significance across defense, security, … By comparing employers on employee ratings, salaries, reviews, pros/cons, job openings and more, you'll feel one step ahead of the rest. MarketBeat's community ratings are surveys of what our community members think about WSP Global and other stocks. WSP Global has received 56.86% “outperform” votes from our community. The company seems intent on buying out as many engineering firms to become larger than Jacobs. Try StreetInsider.com Premium Free! AECOM is a global provider of professional technical and management support services for public and private clients around the world. Investors Corporate Governance Investors; Corporate Governance. Update: AECOM is cutting up to 500 jobs in the UK and Ireland. iː ˈ k ɒ m / ay-ee-KOM) (formerly AECOM Technology Corporation) is an American multinational engineering firm.. AECOM has approximately 87,000 employees, and is number 157 on the 2019 Fortune 500 list.. AECOM is the world’s premier infrastructure firm, partnering with clients to solve the world’s most complex challenges and build legacies for generations to come. Compare AECOM vs WSP BETA See how working at AECOM vs. WSP compares on a variety of workplace factors. September 24, 2020 ... AECOM records Q1 earnings decline, finalizes division sale, stays mum on potential WSP merger. AECOM executed a $6 billion buyout of San Francisco-based contractor URS Corp. At the time, URS was the bigger company by revenue. Private Equity-Backed Federal Contractor Buys DynCorp. WSP Global CEO Declines to Comment on AECOM (NYSE: ACM) Deal Report at Conference - Bloomberg. February 4, 2020. The two companies are about the same size, with Aecom’s market capitalisation standing at $7.7bn today following a 4% share price rise and Montreal-based WSP at $7.6bn.