|AECOM Completes Acquisition of Tecsult|
1,100-employee engineering firm expands AECOM's energy practice, strengthens global portfolio of services, extends presence globally
LOS ANGELES, Mar 03, 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 completed its acquisition of Tecsult, Inc., an international engineering firm based in Montreal, Quebec, Canada, that serves clients in a variety of markets, including energy, transportation, facilities and environmental.
Tecsult is an important addition to AECOM, as it aligns with three core areas of AECOM's growth strategy. Tecsult's hydropower expertise - a primary strength of the 1,100-employee firm - bolsters AECOM's energy practice, particularly as the world focuses on viable areas of alternative sources for energy. Tecsult is becoming an integral part of AECOM's international development group, assisting developing nations of the world in attaining their basic infrastructure needs such as water, energy and transportation. Additionally, Tecsult further strengthens AECOM's global infrastructure practice, especially within the Canadian infrastructure market.
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 34,000 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, including any statements of the plans, strategies and objectives for future operations, including but not limited to contemplated acquisitions, and any statements regarding future economic conditions or performance. 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-Q for the fiscal quarter ended Dec. 31, 2007, and our other reports filed with the U.S. Securities and Exchange Commission. AECOM does not intend, and undertakes no obligation, to update any forward-looking statement.
SOURCE: AECOM Technology Corporation
AECOM Technology Corporation