URS Corp has completed its acquisition of Scott Wilson Group. The addition of Scott Wilson expands URS’ international presence by adding a network of 80 offices around the world, including offices in key regional centres such as London, Hong Kong, New Delhi, Warsaw and Dubai, and more than 5,500 employees. In the company’s 2010 fiscal year, which ended on May 2, 2010, Scott Wilson had revenues of approximately £340 million and net income of £13.6 million.
“The acquisition of Scott Wilson opens the door to numerous new opportunities for URS in major international infrastructure markets,” said Martin M. Koffel, Chairman and Chief Executive Officer of URS. “URS now is among the top ten UK engineering firms by revenue, with capabilities in critical infrastructure markets. We also have expanded our capabilities in other key geographies outside of the UK and Continental Europe, such as China and India, two of the fastest growing economies in the world. With Scott Wilson’s technical depth and talented team of professionals around the globe, URS is well positioned to support public and private sector clients worldwide on their largest and most complex infrastructure assignments.”
Hugh Blackwood, former Group Chief Executive of Scott Wilson, has joined URS as a Vice President of URS Corporation and Senior Vice President, International Operations. He will oversee from London URS’ Infrastructure & Environment business for the U.K./Ireland, Europe, Middle East, India and China.
Blackwood commented: “From today, Scott Wilson becomes part of URS Corporation. We are looking forward to providing our clients with access to a larger global footprint and the ability to meet their needs across a wider range of services and sectors, including the nuclear power market, which is a key strength for URS. Our employees will be able to participate in larger and more complex projects, as well as benefit from further investment in new areas of expertise.”
URS is a leading provider of engineering, construction and technical services for public agencies and private sector companies around the world. It offers a full range of program management; planning, design and engineering; systems engineering and technical assistance; construction and construction management; operations and maintenance; and decommissioning and closure services. URS provides services for power, infrastructure, industrial and commercial, and federal projects and programs. URS has about 46,500 employees in a network of offices in more than 40 countries.