Press Release

Printer Friendly Version View printer-friendly version
<< Back
AECOM acquires Lim and Nascimento (LAN) Engineering Corporation

Firm strengthens AECOM’s construction-management, design services in transportation market

LOS ANGELES--(BUSINESS WIRE)--Aug. 30, 2009-- 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 LAN Engineering of California.

LAN, with nearly 200 employees and seven offices, provides engineering services – including program/project management, design development and construction management consulting – to primarily public clients. The acquisition of LAN strengthens AECOM’s transportation practice.

“LAN’s construction-management and design expertise enhances AECOM’s leadership position in the transportation market,” said John M. Dionisio, AECOM president and chief executive officer. “We look forward to the new opportunities that we will pursue with LAN onboard, and we welcome LAN staff into the AECOM family.”

Peter Lim, LAN chief executive officer, noted that joining AECOM will expand LAN’s network of expertise as well as its geographic reach. “In joining AECOM, we are able to offer our clients a more comprehensive suite of services. Additionally, by joining the number-one transportation firm in the country, we are able to expand our reach,” said Lim.

LAN President and Chief Financial Officer William Nascimento added that this transaction will also benefit LAN employees. “This evolution of our business is very exciting for our employees. By joining AECOM, and its global network of expertise, our staff has increased opportunities to develop their careers and work on an exciting array of projects.”

D.A. Davidson served as financial advisor to LAN for the transaction.

About AECOM

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 44,000 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. A Fortune 500 company, AECOM serves clients in more than 100 countries and had revenue of $6.1 billion during the 12-month period ended June 30, 2009. More information on AECOM and its services can be found at www.aecom.com.

About LAN Engineering

LAN Engineering is a civil and structural engineering firm based in California that specializes in transportation infrastructure. Its services include program/project management, design development and construction management for freeways, interchanges, highways, railroad grade separations, and transit/rail infrastructure.

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 plans for future operations or expected revenue. 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 year ended June 30, 2009, 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.

NR 09-0802

Source: AECOM Technology Corporation

AECOM Technology Corporation
Paul Gennaro, 212-973-3167
SVP & Chief Communications Officer
paul.gennaro@aecom.com