Consultant buys US business with 3,500 staff and 拢518m turnover

WS Atkins has completed the acquisition of Florida-based consultant PBSJ Corporation. At a special meeting of the stockholders of PBSJ, 99% of votes cast were in favour of the deal.

Keith Clarke, chief executive, said: 鈥淭his is an important acquisition for Atkins, which forms part of our plan to grow our business through a multi-skill, multi-local strategy.

鈥淭he completion of this acquisition means that we now have an experienced management team and a US business which has a strong, long-standing reputation for technical excellence and quality, underpinned by deep client relationships. This gives Atkins a strong platform for growth in the US which will enable us to drive significant value for our shareholders.

Atkins has acquired the entire issued share capital of PBSJ for a cash consideration of around 拢178m. PBSJ employs about 3,500 people and turned over 拢518m last year.

The deal should boost Atkins鈥� North American turnover from about 拢69m to 拢587m

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