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| Aecom to acquire Davis Langdon Aecom Technology Corp, a leading provider of professional technical and management support services for government and commercial clients around the world, announced today that it has agreed to acquire Davis Langdon, a global cost and project management consultancy firm, in a transaction valued at US$324 million. Davis Langdon provides cost and project management services, and specialist consultancy services, to clients around the world, with a strong presence in Africa, Australia and New Zealand, Europe, the Middle East and the United States. Davis Langdon's 2,800 employees serve public- and private-sector clients in a variety of markets. Its counterpart in Asia, Davis Langdon & Seah, will remain independent, but will continue to work with Aecom's Davis Langdon operations under an existing collaboration agreement. Aecom expects the transaction to be accretive to cash earnings per share (EPS) in fiscal year 2011. On a GAAP basis, the transaction is expected to be neutral to EPS in fiscal year 2011. write your comments about the article :: © 2010 Construction News :: home page |