14 October 2013
Design and engineering company Atkins has bought a Singaporean project consultancy for a debt-free cash consideration of £8.4m.
Confluence Project Management is an international consultancy in construction management and specialist programming and has offices in Hong Kong, Abu Dhabi and India.
This acquisition will open up the commercial, retail and hospitality sectors to Atkins, who already operate in Asia Pacific and the Middle East.
Prof Dr Uwe Krueger, CEO of Atkins, said Confluence would bring "highly reputed client and sector knowledge … as well as the ability to service increasingly complex projects".
Confluence, which employs around 200 people, recently reported annual revenue of around £14.5m.