Major acquisition to push employee numbers close to 30,000 mark worldwide
Denver-based engineering and consultancy company CH2M HILL has announced an agreement to acquire the share capital of UK engineering firm Halcrow, pending approval from Halcrow shareholders and the UK High Court. CH2M HILL is an employee-owned firm specialising in consulting, design, operations and project management with numerous high profile projects to its name, including: the London 2012 Olympic and Paralympic Games Programme; the Singapore Deep Tunnel Wastewater Programme; MASDAR City in the UAE; and the Panama Canal Expansion Programme.
The acquisition will further develop CH2M HILL’s leadship in water, environmental and transport markets and more than double its international presence to nearly 30,000 employees worldwide. Halcrow’s 6,000 employees are currently based across the world (headquartered in the UK) and offer engineering, planning, design and management services to a host of global clients. Last year reported revenues totaled £465m.
CH2M HILL Chairman and CEO Lee McIntire said: “This acquisition is a game changer for our clients. Our global footprint will be deeper and our bench strength will be even more robust. By combining our resources and leveraging our collective technical know-how, we will set a new standard for the marketplace. Best of all, our two firms are ideally suited in terms of cultures, markets, geographies, and we have a shared long-term vision for the future.”