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| Aecom acquires business unit from Tyco Aecom Technology Corporation announced that it has signed a definitive agreement to acquire Earth Tech, Inc., a business unit of Tyco International Ltd. Earth Tech provides consulting; engineering; and design, build and operate (DBO) services to water/wastewater, environmental, transportation, and facilities clients globally. Earth Tech had revenue of $1.3 billion in its fiscal year 2007 and employs 7,000 people around the world. The all-cash $510-million transaction will combine two world-class professional technical services companies - significantly strengthening Aecom in its key end markets. After closing, Aecom plans to divest certain Earth Tech operations that are not in the consulting, engineering and DBO services areas, and do not otherwise align with Aecom's core business and strategic objectives. Aecom is in the process of finalizing the Earth Tech assets to divest. Aecom preliminarily estimates that presently-contemplated divestitures could yield proceeds of $175 to $200 million. write your comments about the article :: © 2008 Construction News :: home page |