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July 15, 2014

Aecom pays $4B for URS

  • With 95,000 employees in 150 countries, the combined company would have had revenue over $19 billion last year.
  • LOS ANGELES (AP) — Engineering design company Aecom Technology Corp. is buying URS Corp. for $4 billion in cash and stock, or about $56.31 per URS share.

    The California-based companies said the combination was necessary to building an integrated infrastructure services company that can operate globally and provide services including design, financing, construction and operation of buildings. The combined firm will be headquartered in Los Angeles.

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