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| Aecom completes acquisition of Earth Tech Engineering and design firm Aecom Technology Corp has completed its acquisition of Earth Tech, Inc., a business unit of Tyco International Ltd. Earth Tech provides consulting, engineering and design, build and operate (DBO) services to waste/wastewater, environmental, transportation and facilities clients globally. Aecom has also completed the divestiture of certain Earth Tech businesses that do not align with its strategic plans and core businesses. Concurrent with the close of the purchase of Earth Tech, Aecom divested Earth Tech's Water & Power Technologies (WPT) and North American Contract Operations (NACO) businesses and its Mexican operations. The value of the divested WPT, NACO and Mexico assets noted above, along with the value of certain assets that have been carved out of the sale transaction with Tyco, represent a total of $175 million of the original $510 million transaction value. There remains approximately $50 to $60 million of assets that will be held for sale by Aecom until sale documentation is finalized, all required consents are received and the transactions can be closed. write your comments about the article :: © 2008 Construction News :: home page |