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02/08/2010

Atkins Enters Agreement To Acquire PBSJ

Atkins has announced that it has entered into a definitive merger agreement to acquire PBSJ for £178 million.

PBSJ is employee owned and one of America's leading providers of engineering, planning, architecture, construction, environmental and programme management services, headquartered in Florida.

The combination of Atkins and PBSJ represents an important step in Atkins' multi-skill, multi-local strategy and further expands its geographic footprint.

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Commenting on the Acquisition, Keith Clarke, Chief Executive of Atkins, said: "This is an important acquisition for Atkins and forms part of our plan to grow our business through a multi-skill, multi-local strategy. PBSJ operates a business model we understand and complements our business superbly, enhancing our skills in environmental, transportation, building design and programme management disciplines. PBSJ has an experienced management team and a strong, long-standing reputation for technical excellence and quality, which underpins its deep client relationships. These are all important criteria for a successful acquisition which will provide us with a strong platform for growth and enable us to drive significant value for our shareholders."

(CD/GK)

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