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AECOM to acquire Davis Langdon
Consultancy firm AECOM Technology Corporation is to acquire Davis Langdon, a global construction management firm, in a deal worth US$324m.
In a statement, AECOM said the deal is part of the group's strategy to expand its portfolio of construction management services as well as its global footprint.
Davis Langdon has around 2,800 employees. The company's counterpart in Asia, Davis Langdon & Seah, will remain independent, but will continue to work with AECOM's Davis Langdon operations under an existing collaboration agreement.
"Davis Langdon's strong cost and project management capabilities bolster our growing portfolio of construction management services," said John M. Dionisio, AECOM president and chief executive officer.
"Combined with our recent acquisition of Tishman Construction, we have significantly enhanced our ability to meet the growing customer demand for turnkey, integrated services - and we have done so by adding two recognized global leaders in the industry to the AECOM enterprise."
Davis Langdon has worked on many high-profile projects around the world, including the Tate Modern and the Eden Project in the United Kingdom; Estadio do Dragao in Portugal; Abu Dhabi International Airport; Grand Egyptian Museum in Cairo, Egypt; The Clem Jones Tunnel (CLEM7) in Brisbane, Australia; the Transbay Terminal in San Francisco, U.S.A.; the Gautrain Rapid Rail Link in Johannesburg, and the Green Point Stadium - newly built for the 2010 FIFA World Cup - in Cape Town, South Africa.
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