COMPANY NEWS
URS acquires Scott Wilson Group Sep 2010
URS acquires Scott Wilson Group Sep 2010
URS News Release
- URS Corporation has completed its acquisition of Scott Wilson Group plc, the London-based infrastructure engineering and construction company.
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- The addition of Scott Wilson expands the URS international presence by adding a network of 80 offices around the world, including offices in key regional centres such as London, Hong Kong, New Delhi, Warsaw and Dubai, and the addition of more than 5,500 employees. In the UK, the combination of Scott Wilson with the existing URS operations will create a business with infrastructure expertise across a range of attractive long-term markets, including rail and transit, roads and bridges, and ports and harbors. Current major contracts include the UK Crossrail Project and Thames Tideway Tunnel in the UK. URS also is the lead partner in the Nuclear Management Partners consortium, which is responsible for managing and operating decommissioning activities at the Sellafield nuclear site in Cumbria in North West England. With the completion of the Scott Wilson transaction, URS also will add significant international projects outside of the UK, including the Delhi-Mumbai Industrial Corridor Development in India, Haramain High Speed Rail in Saudi Arabia, and MTR Shatin to Central Link in Hong Kong.
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- "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. "URS now is among the top ten UK engineering firms by revenue, with capabilities in critical infrastructure markets, including transit, high speed rail, roads and bridges, airports, and ports and harbors. We also have expanded our capabilities in other key geographies outside of the UK and Continental Europe, such as China and India, two of the fastest growing economies in the world. With Scott Wilson's technical depth and talented team of professionals around the globe, URS is well positioned to support public and private sector clients worldwide on their largest and most complex infrastructure assignments."
- Hugh Blackwood, former Group Chief Executive of Scott Wilson, has joined URS as a Vice President of URS Corporation and Senior Vice President, International Operations. He will oversee from London URS' Infrastructure & Environment business for the U.K./Ireland, Europe, Middle East, India and China.
- Blackwood commented: "We are looking forward to providing our clients with access to a larger global footprint and the ability to meet their needs across a wider range of services and sectors, including the nuclear power market, which is a key strength for URS. Our employees will be able to participate in larger and more complex projects, as well as benefit from further investment in new areas of expertise.
- URS Corporation (NYSE: URS) is a leading provider of engineering, construction and technical services for public agencies and private sector companies around the world. The company offers a full range of program management; planning, design and engineering; systems engineering and technical assistance; construction and construction management; operations and maintenance; and decommissioning and closure services. URS provides services for power, infrastructure, industrial and commercial, and federal projects and programs. URS Corporation has approximately 46,500 employees in a network of offices in more than 40 countries.
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Preparing the ground for Crossrail - TunnelTalk, August 2010
Crossrail management mobilized - TunnelTalk, May 2009
Super sewer to revitalize River Thames - TunnelTalk, March 2009
Thames Tideway contract award - TunnelTalk, Jan 2010
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