Consultant Aecom last week announced its acquisition of South Africa-based BKS, which it said “strengthens” its position in a “strategically important, high-growth market”.
With around 900 employees, BKS is a multidisciplinary consulting engineering and management firm with headquarters in South Africa and operations across Africa. Established in 1965, the company provides engineering and consulting services for public- and private-sector clients in the areas of buildings, stadia, transportation, water and sanitation, mining and energy.
“This acquisition strengthens our position in a strategically important, high-growth market,” said Aecom chairman and chief executive John M Dionisio. “In addition, BKS is well situated to help us further penetrate the growing commercial and industrial sectors and better service our multinational clients as they continue to expand into this regi.
As a result of the transaction, Aecom will own 80% of BKS, while the existing investor in BKS will hold a 20% interest. The parties expect that BKS will continue to hold a level 2 contributor status in terms of South Africa’s Broad Based Black Economic Empowerment codes.
The transaction is subject to customary closing conditions, including the approval of the Competition Commission of South Africa, and is expected to close during the fourth calendar quarter of 2012.
Davis Langdon addition
Aecom also announced this week that it had acquired cost, contract and project manager KPK, which has operations across Asia and will join Davis Langdon.
KPK, which services clients in both the public and private sectors, was established in 1973 and has more than 600 people in China, Hong Kong, India, Malaysia, Singapore, Sri Lanka, Thailand and Vietnam.
“KPK will enhance the offerings of our Davis Langdon cost and project consultancy business throughout Asia, which is part of our targeted, balanced growth strategy,” said Dionisio.