A very special relationship: Will Atkins and CH2M carry out £3bn merger?

 

The American engineering consultancy giant CH2M has approached Atkins about a possible £3bn-plus merger, according to reports.

The two firms already work closely together on some of the crown jewel projects in UK infrastructure, including HS2, the Thames Tideway Tunnel supersewer, Crossrail 2 as well as roads projects for Highways England.

CH2M is believed to have made a senior level approach to its British rival to explore a possible tie-up, which would allow the two companies to exploit their dominant coverage of separate markets, The Times reports.

”Local

A merger would bring CH2M’s significant US coverage together with Atkins’ major presence in the UK and European markets, including Scandinavia, where Atkins is a top engineering and design consultancy.

The move follows CH2M’s purchase of the British engineering firm Halcrow in 2011.

The US firm employs roughly 25,000 employees in more than 50 countries, with around £4.3bn revenue, while Atkins has more than 18,000 employees with a £1.8bn in turnover.

Atkins increased its reported pre-tax profit to £131.1m last year, up from £106.7m. It is valued on the London stock exchange at £1.6bn.

Its half year results for the six months ended 30 September 2016, show Atkins doing good business, with a ‘significant increase in UK and Europe profit, up 32.2% supported by strong markets and improved operational delivery’.

Its revenue was up 10.0% to £994.7m, up 4.0% on a constant currency basis, while underlying operating profit was up 10.7%, underlying constant currency operating profit up 4.3%

Uwe Krueger, Atkins’ chief executive officer, said: ‘Despite challenges in some markets, we have delivered good underlying profitability and the near term outlook in our UK and North American businesses is particularly positive. We are confident that our focus on differentiation in nuclear, digital innovation and advisory will deliver further growth over the longer term. Our outlook for the full year is unchanged.’

 

Also see

Register now for full access


Register just once to get unrestricted, real-time coverage of the issues and challenges facing UK transport and highways engineers.

Full website content includes the latest news, exclusive commentary from leading industry figures and detailed topical analysis of the highways, transportation, environment and place-shaping sectors. Use the link below to register your details for full, free access.

Already a registered? Login

 
comments powered by Disqus
 
 
highways jobs

Definitive Map Manager

Cambridgeshire County Council
£32,825 - £35,401
This role is based within the Highways Service at Cambridgeshire County Council and provides an unusual and... Cambridgeshire
Recuriter: Cambridgeshire County Council

Bridge Park Operations Manager

Brent Council
£38,799 - £41,706 p.a. inc.
This is an exciting opportunity to play a key role in managing the operations and contributing towards the... Brentford (City/Town), London (Greater)
Recuriter: Brent Council

Assistant Engineer

Cambridgeshire County Council
£21,074 - £30,756
A great opportunity for someone looking to start or develop a career in Highways Engineering including the... Cambridgeshire
Recuriter: Cambridgeshire County Council

Head of Strategic Transport

Cheshire East Council
£64,000 - £75,000 + benefits
We’re committed to “working for a brighter future together” – and we expect you to be too! Cheshire
Recuriter: Cheshire East Council

Regeneration Manager

Mole Valley District Council
£52,895 - £57,143 FTE
This is a great career opportunity to specialise in town centre regeneration and repositioning. Dorking, Surrey
Recuriter: Mole Valley District Council

Technical Services Officer (Mechanical)

Kirklees Metropolitan Council
£36,876 - £38,813
This is an exciting and challenging time for Kirklees and we want to expand our team to manage and deliver construction... Kirklees, West Yorkshire
Recuriter: Kirklees Metropolitan Council

Road and Footway Asset Engineer

Kent County Council
£28,925 per annum
An exciting opportunity has arisen to join the Road and Footway Asset Team as an Asset Engineer. Kent
Recuriter: Kent County Council

Head of Waste

Lincolnshire County Council
£65,651 - £70,725
As Head of Waste, you will be commercially focussed and forward-thinking. Lincolnshire
Recuriter: Lincolnshire County Council

Assistant Director

Reading Borough Council
Up to £92k
It’s the ideal time to take the lead on our modernisation agenda, and deliver growth in the trading of our front line services. Reading, Berkshire
Recuriter: Reading Borough Council

Assistant Director – Highways

Lincolnshire County Council
£82,264 - £107,878
Come and lead the future agenda for our highways services. Lincolnshire
Recuriter: Lincolnshire County Council

County Highways Manager

Lincolnshire County Council
£55,503 - £60,578
Seeking a highly motivated leader and an excellent communicator, who has a proven ability to build relationships and trust, leading by example. Lincolnshire
Recuriter: Lincolnshire County Council

Local Highways Manager (East) - Lincolnshire County Council

Lincolnshire County Council
G12 £43,662 - £50,430
Seeking someone who combines excellent technical knowledge with a dedication to the customer. Lincolnshire
Recuriter: Lincolnshire County Council