Construction cost consultancy firm becomes part of Davis Langdon, an AECOM company, and expands AECOM's Asian footprint in construction cost management services
SINGAPORE, Oct. 5, 2012 /PRNewswire/ -- AECOM Technology Corporation (NYSE: ACM), a leading provider of professional technical and management support services for public and private clients in more than 130 countries around the world, announced today that it has completed its merger with KPK, a construction cost, contract and project management consultancy firm with operations across Asia. KPK joins AECOM's Davis Langdon operations and will go to market as "Davis Langdon KPK, an AECOM company". In Malaysia, KPK will continue to go to market as KPK Quantity Surveyors.
KPK, which services clients in both the public and private sectors, was established in 1973 and has more than 600 people in Mainland China, Hong Kong, India, Malaysia, Singapore, Sri Lanka, Thailand and Vietnam. Its established portfolio includes clients across a wide range of facilities such as commercial, residential, industrial and health care.
The company has worked on large-scale projects such as the Kuala Lumpur Convention Centre in Malaysia, Watertown mixed-use development at Punggol in Singapore, The Met in Thailand, International Tech Park, Chennai in India, West Kowloon Cultural District in Hong Kong (Design Competition) and competition venues and a media centre for the 2008 Beijing Olympic Games in Mainland China.
"The merger with KPK demonstrates AECOM's continued commitment to invest in new and emerging geographies. KPK's 39-year track record of providing construction cost, contract and project management consultancy services in Asia will add to the portfolio of our Davis Langdon cost and project consultancy business in the region," said AECOM Chairman and Chief Executive Officer John M. Dionisio. "With 3,400 Davis Langdon employees located in more than 90 offices globally after the merger, we are well positioned to offer our clients comprehensive, global construction cost management services across Asia."
"Asia's share of global construction spending has been forecasted to increase from 31 percent in 2005 to 46 percent by 2020, according to Davis Langdon's data," said Tony Shum, AECOM president for Asia Pacific. "KPK has been involved in some of the most notable projects in the region and AECOM will continue to build on these established relationships and in-depth understanding of the local cultures, and work together with KPK to expand our construction consultancy services in Asia."
With the closing of the transaction, AECOM will have offices in nearly 60 cities with approximately 12,000 employees in the Asia-Pacific region. It offers local service excellence blended with global expertise and an integrated suite of services to address complex project challenges across various markets, ranging from building and construction services for commercial and residential facilities, to sport and healthcare infrastructure and large-scale transportation, water, energy and mining projects.
"Davis Langdon and AECOM have gained recognition in many parts of the world for their success in challenging and complex projects such as the Abu Dhabi International Airport and The Shard in London," said KPK Chairman Dato' Sri Kandan. "We are delighted about the merger and believe it is also great news for our clients as KPK will provide more global service offerings. At the same time, we also are excited about the new professional-development opportunities the merger will bring for our employees."
About AECOM
AECOM is a global provider of professional technical and management support services to a broad range of markets, including transportation, facilities, environmental, energy, water and government. With approximately 45,000 employees around the world, AECOM is a leader in all of the key markets that it serves. AECOM provides a blend of global reach, local knowledge, innovation, and technical excellence in delivering solutions that create, enhance and sustain the world's built, natural and social environments. A Fortune 500 company, AECOM serves clients in more than 130 countries and had revenue of US$8.3 billion during the 12 months ended June 30, 2012. More information on AECOM and its services can be found at www.aecom.com.
About Davis Langdon, An AECOM Company
Davis Langdon, an AECOM company, is a leading global construction consultancy, providing cost and program management solutions as well as a range of specialist consultancy services for clients investing in infrastructure, property and construction. The company has worked on some of the most complex and challenging projects around the world, including the Tate Modern and The Shard in London, U.K.; Estadio do Dragao in Portugal; Abu Dhabi International Airport; Grand Egyptian Museum in Cairo, Egypt; the Gateway Bridge in Brisbane, Australia; the Transbay Terminal in San Francisco, U.S.A.; and the Gautrain Rapid Rail Link in Johannesburg, South Africa. As well as being the recipient of a number of regional accolades for excellence, Davis Langdon has been named World Architecture's "Top International Construction Consultant" for 19 successive years. The company employs approximately 3,400 people in more than 90 offices globally, spanning Europe, the Middle East, Asia, Australia and New Zealand, Africa and the U.S.A. For further information, please visit www.davislangdon.com.
Forward-Looking Statements: All statements in this press release other than statements of historical fact are "forward-looking statements" for purposes of federal and state securities laws, including any projections of earnings, statements of plans for future operations or expected revenue. Actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause actual results to differ materially from our forward-looking statements are set forth in our annual report on Form 10-Q for the fiscal quarter ended June 30, 2012, and our other reports filed with the U.S. Securities and Exchange Commission. AECOM does not intend, and undertakes no obligation, to update any forward-looking statement.
Media Contact:
Joyce Ng
Assistant Manager
Marketing & Communications, Southeast Asia
+65-6394-0304
Joyce.Ng@aecom.com
