Bus

URS, U.K. company announce acquisition agreement

Posted on June 28, 2010

URS Corp. and Scott Wilson Group plc., the U.K.-based integrated design and infrastructure engineering consultancy, announced the terms of a recommended offer for URS to acquire Scott Wilson.

The proposed acquisition, which has been unanimously recommended by the board of Scott Wilson, will significantly expand URS' infrastructure capabilities in the U.K. across a range of long-term growth markets, including rail and transit, transportation infrastructure, and ports and harbors. The proposed acquisition also will enhance URS' worldwide capabilities outside of the U.K.

Under the terms of the agreement, shareholders of Scott Wilson will receive approximately $3.16 in cash for each Scott Wilson share, which values the entire issued and to be issued share capital at approximately $242 million.

View comments or post a comment on this story. (0 Comments)

More News

Lane Transit District seeks $30M from state for BRT

LTD is hoping to get the money in the form of Oregon Lottery-backed bonds, to use as matching funds for a federal grant it plans to apply for.

REV Group acquires Midwest Automotive Designs

The acquisition enhances REV’s product offerings in the commercial segment of its bus division, by adding multiple products for the luxury limousine, charter and tour bus markets.

NJ Transit awards MCI 2nd year of 6-year Commuter Coach contract

The company’s three-decade relationship with NJ TRANSIT continued in November 2015 with the company winning a competitive procurement to manufacture and deliver up to 1,222 commuter coaches.

ARBOC releases Ford Spirit of Independence model

The vehicle features a 96-inch width and a flat floor design that allows stress-free maneuverability for up to fifteen ambulatory and five wheelchair passengers, according to the company.

National Bus Sales to offer new Metro Express Ram Promaster Vans

The vehicles are available in the Metro Ram ProMaster 2500 and 3500 High Roof models.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close