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| URS acquires Washington Group International URS Corporation and Washington Group International, Inc. announced that they have signed a definitive agreement for the acquisition of Washington Group by URS in a cash and stock transaction valued at approximately $2.6 billion. The companies' combined 2006 revenues would have been $7.6 billion, the fourth highest among U.S. publicly-traded engineering and construction companies. Based on previously issued guidance, the companies would have combined 2007 revenues of approximately $8.6 billion. In addition, the companies would have had combined 2006 EBITDA of $425 million and total backlog exceeding $11 billion, as of March 31, 2007. The combined company would have projects in over 50 countries and more than 54,000 employees. write your comments about the article :: © 2007 Construction News :: home page |