Halcrow's CH2M Hill deal 'driven by clients'

摘要

CH2M Hill's swoop for Halcrow marks the latest chapter in an industry-wide consolidation intended to satisfy clients and deal with growing competition from the East, industry experts said this week, writes the Building newsdesk. Industry leaders welcomed the £230m deal for one of civil engineering's most respected names, as a sensible move in response to the industry's accelerating globalisation. The takeover - expected to be finalised in November - follows CH2M Hill's unsuccessful pursuit of Scott Wilson, which was bought by rival URS last year. Jeremy Horner, chief executive of Europe and the Middle East at Davis Langdon, which was bought by US-based Aecom in a similar deal last year, said: "Clients are looking for an integrated offer. I see this as vindication of the strategy that we're on.