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

Project Engineer (Permanent)

Havant Borough Council
£37,100
We’re looking for an experienced and enthusiastic engineer to join our well-regarded design and implementation team. Havant, Hampshire
Recuriter: Havant Borough Council

Project Engineer (Fixed Term)

Havant Borough Council
£37,100
We’re looking for an experienced and enthusiastic engineer to join our well-regarded design and implementation team. Havant, Hampshire
Recuriter: Havant Borough Council

Contract Supervisor

London Borough of Richmond upon Thames and London Borough of Wandsworth
£31,013 - £36,486 depending on skills, knowledge and experience
The role of Contract Supervisor (Waste and Street Cleansing) will require you to support ambitious plans to provide services for residents Richmond upon Thames, London (Greater)
Recuriter: London Borough of Richmond upon Thames and London Borough of Wandsworth

Flood Risk Manager

Birmingham City Council
£43,662 - £54,574
The role requires the post holder to be the lead professional for the Authority’s Flood Risk Management and drainage function Birmingham, West Midlands
Recuriter: Birmingham City Council

Head of Highways & Transport

Lewisham London Borough Council
up to £72,705
As our lead expert on highways and transport, you will set the direction and lead on all transport related matters Lewisham, London (Greater)
Recuriter: Lewisham London Borough Council

Ugobus Driver (multiple positions)

Essex County Council
Up to £18938.0 per annum
Please note that we have permanent, fixed term and relief contract opportunities on a part time, job share and flexible working basis. The salary is u England, Essex, Chelmsford
Recuriter: Essex County Council

Assistant Director

Hounslow London Borough Council
Up to £82k
Working across a wide range of high profile direct services, the emphasis for this role is on partnership working. Hounslow (City/Town), London (Greater)
Recuriter: Hounslow London Borough Council

Head of Parks and Environmental Services

Harrogate Borough Council
£58,778 - £61,882
You will have experience at a senior level in the management and delivery of front line services relevant to the functions Harrogate, North Yorkshire
Recuriter: Harrogate Borough Council

Programme Technician/Engineer

Norfolk County Council
£29,636 - £31,371 per annum
This is a challenging position which involves working across wide ranging activities. Norwich, Norfolk
Recuriter: Norfolk County Council

Principal Transport Planner – 2 posts (Warrington Waterfront Western Link)

Warrington Borough Council
£40,760 - £43,662 plus essential car user allowance
We are looking to form a new Warrington Waterfront Western Link Team and we are looking to fill a number of key posts Warrington, Cheshire
Recuriter: Warrington Borough Council

Director of Integrated Transport

Liverpool City Region
Salary up to £124,848
The Liverpool City Region Combined Authority is embarking on a search for an exceptional individual with the passion to deliver on our vision Liverpool, Merseyside
Recuriter: Liverpool City Region

Highways Manager

Oxford Direct Services
G11
Oxford Direct Services
Recuriter: Oxford Direct Services

Data Entry Administrator

Telford & Wrekin Council
£18,795 - £19,171
Telford & Wrekin’s Public Protection Service is looking for an enthusiastic and self-motivated Data Entry Administrator Telford, Shropshire
Recuriter: Telford & Wrekin Council

Transport Planner

Camden London Borough Council
£33,122 to £38,423
You’ll have previous experience of working in a transport/planning/accessible transport environment Camden, London (Greater)
Recuriter: Camden London Borough Council

Parking Business Administrator Level 3 Apprenticeship

Brent Council
£15,000 p.a. inc.
This role will support the Brent Parking Team work to provide administrative support for both the Notice Processing Team Brentford (City/Town), London (Greater)
Recuriter: Brent Council

Principal Engineer (Development)

Liverpool City Council
£37,849 - £42,683
Liverpool City Council wish to recruit a Principal Engineer (Development) to provide managerial and technical support. Liverpool, Merseyside
Recuriter: Liverpool City Council

Traffic Manager

Lincolnshire County Council
£55,503 - £60,578
We are looking to recruit a Traffic Manager to join our Highways team Lincoln, Lincolnshire
Recuriter: Lincolnshire County Council

Team Leader x2 - Passenger Transport

Redbridge London Borough Council
£27,228 - £28,215 per annum
You will be responsible for overseeing the duties of Passenger Transport drivers as well as providing support to the service and managers. Redbridge, London (Greater)
Recuriter: Redbridge London Borough Council

UTMC Engineer

Warrington Borough Council
£31,371 - £34,788
You will support the UTMC Principal Engineer and work as part of a team responsible for all aspects of Urban Traffic Management and Control Warrington, Cheshire
Recuriter: Warrington Borough Council

Programme Assurance Manager Public Realm

Westminster City Council
£46,293 - £49,203 per annum
A graduate, or have equivalent experience, and you can show evidence of continued professional, managerial and personal development... City of Westminster, London (Greater)
Recuriter: Westminster City Council