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Rail News: High-Speed Rail
9/10/2010
Rail News: High-Speed Rail
URS Corp. acquires Scott Wilson Group, expands capabilities in HSR market
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Today, URS Corp. announced that the company has completed its acquisition of Scott Wilson Group plc.
Under the terms of the transaction, Scott Wilson shareholders will receive $4.48 per share. The total equity value paid by URS for all outstanding shares is about $336 million.
The addition of Scott Wilson expands URS’ international presence by adding a network of 80 offices around the world and more than 5,500 employees.
“The acquisition of Scott Wilson opens the door to numerous new opportunities for URS in major international infrastructure markets,” said Martin Koffel, chairman and chief executive officer of URS in a prepared statement. “URS now is among the top ten U.K. engineering firms by revenue, with capabilities in critical infrastructure markets, including transit, high-speed rail, roads and bridges, airports, and ports and harbors.”
Hugh Blackwood, former group chief executive of Scott Wilson, has joined URS as a vice president of URS Corp. and senior vice president of international operations.
Under the terms of the transaction, Scott Wilson shareholders will receive $4.48 per share. The total equity value paid by URS for all outstanding shares is about $336 million.
The addition of Scott Wilson expands URS’ international presence by adding a network of 80 offices around the world and more than 5,500 employees.
“The acquisition of Scott Wilson opens the door to numerous new opportunities for URS in major international infrastructure markets,” said Martin Koffel, chairman and chief executive officer of URS in a prepared statement. “URS now is among the top ten U.K. engineering firms by revenue, with capabilities in critical infrastructure markets, including transit, high-speed rail, roads and bridges, airports, and ports and harbors.”
Hugh Blackwood, former group chief executive of Scott Wilson, has joined URS as a vice president of URS Corp. and senior vice president of international operations.
