Aecom completes URS acquisition

30 October 2014


USA - Aecom announced on 17 October that it had completed the USD 6bn acquisition of URS Corporation. Stock issuance proposals were accepted at each company’s respective stockholder meetings on 16 October.

"Today is an exciting and historic day - for our industry, for Aecom and URS, and for our nearly 100,000 people around the world who are serving our clients in over 150 countries," said Michael S. Burke, Aecom CEO.

"During the past three months, as we have advanced our integration planning efforts, my belief that Aecom and URS had highly complementary operations and cultures has been solidly confirmed," Burke said. "Our leaders have collaborated to develop a comprehensive integration plan that will leverage our greater scale across our global platform. We are confident that we will achieve our target of USD 250M in annual cost synergies."