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AECOM acquires URS Corporation

AECOM Technology Corporation has acquired all outstanding shares of engineering, design and construction firm URS Corporation in a deal that will see the combined firm acting as an integrated infrastructure and federal services provider across 150 countries. The shares were received in cash and stock, with a combined value of approximately $4bn.

Michael S. Burke, AECOM president and chief executive officer, said: “Clients, employees and stockholders of both companies will benefit from the opportunities created by these expanded capabilities, broad global reach in key growth markets and economies of scale. In one step, we will dramatically accelerate our strategy of creating an integrated delivery platform with superior capabilities to design, build, finance and operate infrastructure assets around the world.”

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