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Atkins, Architects : Architecture
Contemporary Engineering + Architecture Practice – Design Offices around the World
4 Apr 2017
WS Atkins Takeover Bid from Canadian Rival
WS Atkins £2.1bn takeover approach from SNC-Lavalin
A potential bidding war could be in prospect after British engineering giant WS Atkins received a £2.1bn bid from Canadian rival SNC-Lavalin just two months after it rebuffed overtures from with US rival CH2M Hill, reports the Daily Telegraph.
SNC-Lavalin, which bought London-listed engineer Kentz for £1.2bn in 2014, has approached Atkins’ board intimating a cash takeover at £20.80-a-share.
Burj al Arab in Dubai by Atkins:
Burj al Arab image : Jumeirah
The approach, 35pc above Atkins? closing share price on Friday night, sent shares in WS Atkins soaring, jumping as much as 30.13pc to trade at a new high of £20.04, after Atkins board said it was at a level it would be prepared to recommend, subject to agreement.
WS Atkins is currently the 14th largest engineering consultancy firm globally, while SNC is the 12th.

Burj al Arab image : Jumeirah
CH2M Hill are one of the teams in the running to offer Partners Programme, project and cost management services

for the Palace of Westminster restoration in a client advisor role.
SNC-Lavalin is approximately twice the size of Atkins, with 35,000 employees around the world to Atkins? 18,000 employees. In 201...