DENVER and LONDON, Nov. 14, 2011 /PRNewswire-Asia/ -- CH2M HILL (www.ch2mhill.com), a global full-service consulting, design, construction, and operations firm, is pleased to announce that it has today completed the acquisition of Halcrow, the UK-based engineering, planning, design and management services firm. CH2M HILL agreed to acquire the share capital of Halcrow for approximately GBP124M .
Following the completion, both management teams will work closely to bring the two businesses together, drawing on the breadth and depth of expertise embedded within both firms.
CH2M HILL Chairman and Chief Executive Officer Lee McIntire said, "We said at the outset that our firms were ideally suited in terms of cultures, geographies, and markets. It is becoming ever clearer that this combination will deliver significant benefits to our clients as we pool our collective expertise. As the world's population climbs above seven billion the challenges posed to transportation, the environment, water use and urban architecture will require ever more innovative and complex solutions that we will be uniquely able to provide."
Jacqueline Rast, President of Facilities and Infrastructure Division said, "Like CH2M HILL, our new colleagues' business operations are built on a commitment to safety, quality and client satisfaction. I would like to extend my appreciation to Halcrow CEO Peter Gammie for his steadfast leadership in upholding the high-standards of client service, ethics, safety and talent development. We look forward to integrating Halcrow to capitalize on the unique strengths of both firms."
Headquartered near Denver, Colorado, USA, employee-owned CH2M HILL is a global leader in consulting, design, design-build, operations, and program management for government, civil, industrial and energy clients. The firm's work is concentrated in the areas of water, transportation, environmental, energy, facilities and resources. With US$6.3 billion in revenue and 23,000 employees, CH2M HILL is an industry-leading program management, construction management and design firm, as ranked by Engineering News-Record and named a leader in sustainable engineering by Verdantix. The firm has been named a FORTUNE 100 Best Companies to Work For five times.
Halcrow is one of the UK's leading consultancies, with a pedigree stretching back to 1868. The UK-based consultancy specializes in the provision of planning, design and management services for infrastructure development worldwide. With interests in transportation, maritime and property, the company is undertaking commission in more than 70 countries from a network of more than 80 offices around the world.
Contact: John Corsi
001.720.286.2087
[email protected]
SOURCE: CH2M HILL