logo
Plus   Neg
Share
Email

Atkins Buys Confluence Project Management Business - Quick Facts

WS Atkins plc (ATK.L), a provider of engineering and design consultancy services, reported acquiring Singapore-based Confluence Project Management Pte. Ltd., a project management business with operations in Asia Pacific, the Middle East and India, for a debt-free cash consideration of 8.4 million pounds.

Confluence, which employs nearly 200 people, is an international consultancy offering services in the areas of project and construction management, and specialist programming and planning. In the year to June 30, 2013, the firm reported revenue of some 14.5 million pounds.

The business' teams in Singapore, Hong Kong, Abu Dhabi and India would integrate with Atkins' existing operations in Asia Pacific and the Middle East. This acquisition complements well the Group's Faithful+Gould project and cost management consultancy business and, in particular, augments its presence in the commercial, retail and hospitality sectors.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Shares of Nordstrom Inc. (JWN) slipped 10 percent in extended hours on Thursday after the department store chain's full-year revenue outlook fell short of Street estimates. Seattle-based Nordstrom's third-quarter profit dropped to $67 million or $0.39 per share from $114 million or $0.67 per share... Shares of Nvidia Corp. (NVDA) plunged 16% in extended session on Thursday after chip designer's third-quarter revenues and fourth quarter outlook fell short of Wall Street estimates. Santa Clara, California-based Nvidia's third-quarter profit surged to $1.23 billion or $1.97 per share from $838 million... Retail giant Walmart Inc. on Thursday reported a 2 percent decrease in profit for the third quarter from last year as higher revenues were offset by one-time charges. However, adjusted earnings per share beat analysts' expectations, while revenue missed estimates. Looking ahead, the company lowered its outlook for fiscal 2019 reported earnings, but raised its outlook for adjusted earnings.
Follow RTT