WS Atkins buys PBSJ for £178m
BRITISH engineering and construction firm WS Atkins said it had agreed to buy American firm The PBSJ Corporation for £178m, further expanding its geographic footprint.
WS Atkins, which has offices in Leeds, York and Sheffield employing around 600 staff, said today it would finance the deal for the Florida-based engineering, planning, architecture, construction, environmental and programme management services company, from existing cash resources and new credit facilities of 150m.
The firm also said trading in its first quarter had been in line with expectations.
"The group continues to have good levels of work in hand and a strong balance sheet and the outlook for the group remains unchanged since our preliminary results," it said.