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|AECOM Acquires International Development Services Firm TSG|
New firm to become part of AECOM International Development
LOS ANGELES, Jan 14, 2008 (BUSINESS WIRE) -- AECOM Technology Corporation (NYSE: ACM), a leading provider of professional technical and management support services for government and commercial clients around the world, announced today that it has acquired The Services Group (TSG), an Arlington, Virginia-based, international development services firm.
With the addition of TSG to AECOM as a catalyst, AECOM is launching AECOM International Development. With headquarters in Washington, D.C., AECOM International Development specializes in providing support services in emerging market regions of the world to U.S. government agencies, as well as multilateral and bilateral donors and private sector clients globally.
AECOM International Development serves as the focal point for AECOM's sustainable development services in the fast-growing emerging markets sector. AECOM International Development currently has more than 400 professionals working in 60 nations worldwide in the areas of economic growth; environmental protection; industrial and regional area development; democracy and governance; humanitarian response and socioeconomic stabilization; infrastructure; and facilities.
"The formation of AECOM International Development is an important step in advancing our strategy to fully service the growing emerging markets business around the world," said John M. Dionisio, AECOM president and chief executive officer.
AECOM International Development is a combination of the expertise and experience of TSG and PADCO, a Washington, D.C.-based AECOM subsidiary. Together, TSG and PADCO provide their clients great breadth of technical expertise as well as access to AECOM's global knowledge and local resources.
"AECOM International Development will draw on global excellence in a wide range of business areas, including AECOM's renowned environmental, transportation and engineering practices," said Hugh Doyle, AECOM International Development president and chief executive officer.
AECOM International Development Vice Chair Duane Kissick echoed Doyle's sentiment. "We are able to greatly enhance the resources and expertise available to our clients, while continuing to deliver the high-quality results reflective of the proud histories of both TSG and PADCO," said Kissick.
AECOM (NYSE: ACM) is a global provider of professional technical and management support services to a broad range of markets, including transportation, facilities, environmental and energy. With more than 32,000 employees around the world, AECOM is a leader in all of the key markets that it serves. AECOM provides a blend of global reach, local knowledge, innovation and technical excellence in delivering solutions that enhance and sustain the world's built, natural and social environments. AECOM serves clients in more than 60 countries and had revenue of $4.2 billion during fiscal year 2007. More information on AECOM and its services can be found at www.aecom.com.
Forward-Looking Statements: All statements in this press release other than statements of historical fact are "forward-looking statements" for purposes of federal and state securities laws. Actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause actual results to differ materially from our forward-looking statements are set forth in our annual report on Form 10-K for the fiscal year ended September 30, 2007, and our other reports filed with the Securities and Exchange Commission. We do not intend, and undertake no obligation, to update any forward-looking statement.
SOURCE: AECOM Technology Corporation
AECOM Technology Corporation
Paul Gennaro, 212-973-3167