AECOM Acquired URS Corporation To Increase Market Share In Environmental Consulting Market
Added: (Mon Jan 07 2019)
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The environmental consulting market size is expected to grow around $15 billion by 2022 growing at double digit compound annual growth rate (CAGR). Growth in the environmental consulting market is due to emerging economies, increasing government regulations and rising public concern about environmental degradation
Rise in specialist firms, innovative service offerings and adoption of latest technologies such as IoT are the major trends in the global environmental consulting services market.
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Merger and acquisition activity in the environmental consulting services market in the last three years has been at a medium level. A larger number of deals were carried out by small scale companies in regional markets. Leading deals have included those done by AECOM, Wood Group, Stantec, Bernhard, and ATC Group.
In October 2014, AECOM acquired URS Corporation, a US based engineering consultancy, for either US$53.991 in cash or 1.8879 shares of AECOM common stock, consolidating to a total of $6 billion. This deal increases enhances the scope for the country to increase market share. URS Corporation was established in 1904 and provides construction, engineering, and technical services globally. It also provides health and safety, pollution control, environmental management, and waste management and remediation services.
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