SNC-Lavalin to acquire WS Atkins

SNC-Lavalin Group announced that it has reached an agreement with WS Atkins plc approved by the boards of directors of both companies, on the terms of a cash acquisition by which SNC-Lavalin will acquire the entire  share capital of Atkins for £20.80 per share in cash, representing an aggregate cash consideration of $3.6 billion.

Atkins is one of the world’s most respected consultancies in design, engineering and project management, with a leadership position across the infrastructure, transportation and energy sectors. Atkins has 18,000 employees with revenues of approximately £2.0 billion in 2016, and is geographically diversified in the US, Middle East and Asia, together with a leading position in the UK and Scandinavia.