June 28, 2010

URS, U.K. company announce acquisition agreement

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.

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