AECOM acquires Earth Tech, Inc.

AECOM acquired Earth Tech, Inc. for US$510 million (original transaction value), a transaction completed in July 2008. The deal was a Carve-out.

Earth Tech, Inc. operates in Environmental, water & wastewater engineering, is based in Global (Americas, Europe, Australia, Asia). Earth Tech was the engineering and environmental-services business of Tyco International, providing consulting, engineering and design-build-operate services across water and wastewater, environmental, transportation and facilities markets. The acquisition broadened AECOM's global presence — particularly across the Americas, Europe, Australia and Asia — and strengthened its water/wastewater and environmental franchises, lifting AECOM's workforce past 40,000. Concurrent with closing, AECOM divested certain Earth Tech units (Water & Power Technologies, North American Contract Operations and Mexican operations) representing about US$175 million of the original US$510 million transaction value.

Expands AECOM's global presence, particularly in the Americas, Europe, Australia and Asia, and significantly strengthens its water and wastewater business while augmenting its leadership in the environmental, facilities and transportation sectors.

We are delighted to welcome Earth Tech into the AECOM family. This transaction, which expands our workforce to more than 40,000 professionals around the world, enhances our ability to take advantage of the growing business opportunities that exist in our global end markets. We expect this transaction to benefit our clients, employees, and shareholders.John M. Dionisio, President and Chief Executive Officer, AECOM

Advisory firms were not disclosed for this transaction.

You're subscribed.

Thanks for signing up.