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Turner & Townsend pledges to remain independent

Turner & Townsend chief executive Vincent Clancy has insisted that the firm will remain independent in the wake of the URS-Aecom mega merger.

The consultant today posted a 12% hike in revenue to £357.4M in the year to 30 April 2014.

UK revenue rose 11%, with three-quarters of global infrastructure revenue coming from these shores.

NCE reported last week that Aecom’s proposed acquisition of URS could redefine the consultancy sector and trigger more changes in the industry.

But Clancy told NCE: “The URS-Aecom deal is one of a number in this space and we expect that to continue.

“We are very clear that we are happy being independent.

“We still think there is a role for companies like us at procurement level. Demand from clients is increasing; clients like having an independent adviser.”

Clancy added that the company would continue to focus on increasing global revenue, particularly targeting existing markets in North America and Asia.

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