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.
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