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5 Oct 2011 11:00
Atkins to sell Asset Management business to Sodexo
WS Atkins plc ("Atkins" or "the Group") is to sell its UK Asset Management business to Sodexo, a multi-national provider of on-site service solutions listed on the Paris Bourse for a cash consideration of £5 million payable on completion, together with a deferred conditional amount of £0.5 million.
David Tonkin, UK managing director, commented: "Our Asset Management business provides property management services which have operated alongside Atkins' core businesses of engineering design consultancy. We have for some time believed that this business would be best developed through integration with a company dedicated to on-site service solutions. We are therefore delighted that Sodexo will continue to develop this business under its brand."
Sean Haley, who has led Atkins' UK Asset Management business for the past seven years, will become chief operating officer of Sodexo Corporate Services Integrated Facilities Management.
The transaction is due to complete by the end of November.
Ends
For more information:
Sara Lipscombe Group communications director |
+44 (0) 1372 726140 |
Heath Drewett Group finance director |
+44 (0)20 7121 2000 |
Notes to editors:
Atkins (www.atkinsglobal.com) is one of the world's leading engineering and design consultancies*, employing some 17,700 people across the UK, North America, Middle East, Asia Pacific and Europe. It has the breadth and depth of expertise to plan, design and enable some of the world's most technically challenging and time critical infrastructure projects.
*It is the largest engineering consultancy in the UK (New Civil Engineer Consultants File 2011) and the 13th largest international design firm (Engineering News-Record 2011).
Atkins is the official engineering design services provider for the London 2012 Olympic and Paralympic Games.
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