URS and Washington Group Acquisition Combines Leaders in Engineering, Construction and Management Services to Create Diversified “Single Source” E&C Company. Combined 2006 Revenues of URS and Washington Group was $7.6 Billion, More Than 54,000 Employees and Strong Position in High Growth Power and Infrastructure Sectors
URS Corporation (NYSE: URS) and Washington Group International, Inc. (NYSE: WNG) today announced that they have signed a definitive agreement for the acquisition of Washington Group by URS in a cash and stock transaction valued at approximately $2.6 billion. The transaction will combine two world-class engineering and construction companies, expand the capabilities of both firms and capitalize on their positions in important high growth sectors, including power, infrastructure and environmental management.
