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| Balfour Beatty acquires Parsons Brinckerhoff Inc. Balfour Beatty, the international engineering, construction, investment and services Group, announces its intention to acquire Parsons Brinckerhoff Inc., one of the world's leading professional services companies. Parsons Brinckerhoff is one of the world’s leading professional services firms, ranked eleventh in terms of global design revenues amongst US-based companies by ENR in 2009. It has a strong focus on civil infrastructure, particularly transportation in the US, and substantial businesses in the power market in the UK. It also operates selectively in the building market in South and East Asia, where it specialises in electrical and mechanical design, as well as in the water market in both the US and Australia. Parsons Brinckerhoff operates through a network of over 100 offices, has approximately 12,650 employees, and is entirely employee-owned, with approximately 4,750 stockholders. In the year ended 31 October 2008, its worldwide revenue was US$2.34 billion with adjusted profit from operations before exceptional and employee stock items of US$107 million. write your comments about the article :: © 2009 Construction News :: home page |