by AF 0920 b3 — September 23, 2009—Balfour Beatty, the international engineering, construction, investment and services group, will acquire Parsons Brinckerhoff for $626 million, according to a recent announcement.
Parsons Brinckerhoff is one of the world’s leading professional services companies. In its fiscal year ended October 31, 2008, the company post worldwide revenues of just over $2.3 billion.
Balfour Beatty believes that the combination of Balfour Beatty and Parsons Brinckerhoff, two highly complementary businesses, both geographically and in terms of market sector areas of expertise, will be a major step forward in accomplishing a number of Balfour Beatty`s objectives, such as establishing a global professional services business of scale; creating a leading position in U.S. civil infrastructure; particularly in the transportation sector; and enhancing its global reach.
Balfour Beatty has a strong, diverse presence in the United States through Balfour Beatty Construction (building and commercial construction), Heery International (design, engineering, program and project management, and construction management at risk), Balfour Beatty Infrastructure (civil engineering and construction), Balfour Beatty Rail and Balfour Beatty Communities (privatized military housing).
Parsons Brinckerhoff, one of the world’s leading professional services firms, ranked 11th in terms of global design revenues among U.S.-based companies by Engineering News-Record (ENR) in 2009. It is a global market leader in transportation, with a particular strength in the rail transit sector.
Parsons Brinckerhoff notes that it has been involved in some of the largest and most important infrastructure projects in the world. For more information visit the Balfour Beatty Web.
