550-employee engineering firm to expand AECOM energy practice,
strengthen global portfolio of services
LOS ANGELES, Sep 24, 2010 (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
agreed to acquire RSW Inc., an international engineering firm based in
Montreal, Quebec, Canada.
RSW is a 550-employee, leading service provider to clients in key end
markets, including hydro power and transmission and distribution, which
will bolster the company's already strong portfolio of services,
particularly in its global energy business.
"By welcoming RSW into the AECOM family, we are expanding the growth
opportunities for both firms," said John M. Dionisio, AECOM president
and chief executive officer. "RSW's 40-year track record of serving
clients in the Canadian infrastructure market, as well as the work of
its talented staff on complex projects in more than 50 countries around
the globe, further strengthens AECOM's ability to win the most complex
and demanding projects in the world."
RSW generated approximately US$45 million of gross revenue in the 12
months ended November 30, 2009. AECOM expects the transaction to be
accretive to cash earnings per share (EPS) in fiscal year 2011. On a
GAAP basis, the transaction is expected to be neutral to EPS in fiscal
Georges P. Dick, RSW president and general director, echoed Dionisio's
sentiment. "We are excited about the possibilities that joining AECOM
presents for our employees as well as our clients. We look forward to
leveraging AECOM's global platform to better serve our existing clients,
connect with new ones and offer professional-development opportunities
for our staff."
The acquisition is subject to customary closing conditions, including
shareholder approval and necessary regulatory approvals, and is expected
to close in the fourth calendar quarter of 2010.
AECOM (NYSE: ACM) is a global provider of professional technical and
management support services to a broad range of markets, including
transportation, facilities, environmental, energy, water and government.
With approximately 48,000 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 $6.3
billion during the 12-month period ended June 30, 2010. 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 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 quarterly report on Form 10-Q for the
fiscal quarter ended June 30, 2010, 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
Paul Gennaro, 212-973-3167
SVP & Chief Communications Officer