COMPANY NEWS
Parsons expansion sealed by Delcan acquisition
1 Apr 2014
TunnelTalk reporting
- Global engineering and infrastructure design consultant Parsons announces acquisition of Canada-based multidisciplinary engineering, planning, management and technology firm Delcan.
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Declan acquired by Parsons
- The deal, announced yesterday (April 1), increases Parsons presence in the Canadian market and is in line with the Pasadena-based company’s strategic objective of expanding its transportation and infrastructure business.
- “In addition to increasing our presence in Canada and other key strategic geographies in the world, the acquisition of Delcan continues the progression of our corporate objectives through the expansion of our transportation and infrastructure business lines, and our suite of technology offerings,” said Chuck Harrington, Parsons Chairman and CEO. “Moreover, the shared heritage of Parsons and Delcan combined with our shared values further strengthens the strategic and cultural fit of the organizations.”
- Over its 60-year history, Delcan has been providing transportation solutions within the rail and transit, road and highway, structures, water, freight, and intelligent transportation systems (ITS) markets.
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Delcan involved in Spadina subway extension in Toronto
- “Delcan has long been passionate about delivering innovative work and we believe that this acquisition will allow us to accomplish these worthy goals on an even greater scale,” said Jim Kerr, Delcan Chairman and CEO.
- Harrington added, “We are enthusiastic to welcome our new colleagues to the Parsons team. They are innovative and technically savvy, and this combination will enable us to achieve even greater success.”
- With revenues of approximately US$126 million in 2013, Delcan has 800 employees working from more than 25 locations across the globe, including the United States, the Middle East, and Hong Kong. Delcan’s customers include all levels of government, regional network and transit operators,port authorities, and freight and logistics companies.
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Announcing the Delcan-Geodata joint venture
- Delcan has delivered, in joint venture, project management, construction supervision, design management and systems for the Can$2.6 billion 8.6km Toronto Spadina-York subway extension – the largest network expansion undertaken by the Toronto Transit Commission in 40 years.
- It has also been involved in the East Side Access and Second Avenue subway projects in New York City, and has provided environmental assessment, functional design and light rail transit planning for the currently under construction Confederation Line in Ottawa, which features a 2.5km tunnel under the city’s Downtown.
- Last year Delcan and Geodata of Italy announced a joint venture partnership to target the North American infrastructure market.
- With revenues of $3 billion in 2013, Parsons is one of the largest transportation planning, engineering, and construction firms in the world, with an extensive portfolio of diverse transportation projects including rail and transit, road and highway, bridge and tunnel, and aviation infrastructure.
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Delcan and Geodata combine to target North American market
- TunnelTalk, June 2013
Tunneling to commence in Toronto - TunnelTalk, May 2011
Launching for final leg of Spadina drive - TunnelTalk, September 2013
Plans for LRT under Downtown Ottawa - TunnelTalk, January 2010
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