AECOM to buy RSW
AECOM announced on September 24 that it has agreed to acquire a well known Quebec consulting engineering compa...
AECOM announced on September 24 that it has agreed to acquire a well known Quebec consulting engineering company: RSW Inc.
RSW is based in Montreal and works extensively in the energy sector, especially in hydro power and transmission and distribution, and has projects around the world. The company has 550 employees.
In the announcement, John Dionisio, AECOM’s president and chief executive officer, said: “RSW’s 40-year track record of serving clients in the Canadian infrastructure market, as well as the work of its talented staff on complex projects in more than 50 countries around the globe, further strengthens AECOM’s ability to win the most complex and demanding projects in the world.”
RSW generated approximately US$45 million of gross revenue in the 12 months ended November 30, 2009.
Georges P. Dick, RSW president and general director, said: “We are excited about the possibilities that joining AECOM presents for our employees as well as our clients. We look forward to leveraging AECOM’s global platform to better serve our existing clients, connect with new ones and offer professional-development opportunities for our staff.”
The acquisition is subject to shareholder approval and regulatory approvals, and is expected to close in the fourth calendar quarter of 2010.
AECOM now has approximately 48,000 employees around the world and revenues of $6.3 billion in the 12 month period ended June 30, 2010.