WS Atkins buyout will create a global ‘champion’

Shares in WS Atkins rose by more than 5% on Friday after SNC-Lavalin finalised a deal to buy the British engineering consultancy for £2.1bn.

SNC-Lavalin will pay £20.80 for each Atkins share. This is a 35% premium on the closing price on March 31 which was the last day before talks between the two companies were announced.

Stephen Rawlinson, director of UK advisory Applied Value said: “There is no doubt that SNC-Lavalin are buying a good business in which most of the heavy lifting has been done and which is operating in favourable markets.”  

The deal is expected to close by September, and is being funded by a combination of equity and debt.

Monday 24 April 2017
Darling Associates continues year-on-year growth: Turnover and profit up following anniversary year of expansion and acquisition
Fri 17 Aug 2018
Perkins+Will makes strategic hire to its London studio
Fri 17 Aug 2018
The 100-year life: the role of housing, planning and design
Wed 18 Jul 2018
Thu 05 Jul 2018
First ever Architecture Apprenticeships approved
Wed 04 Jul 2018
Eva Franch i Gilabert prepares to lead The Architectural Association
Mon 25 Jun 2018
Frank McGoldrick to lead Aedas’ operations in Europe
Wed 20 Jun 2018
Right to Build Task Force announces five free days of support for organisations working to deliver new community-led housing
Fri 08 Jun 2018