What a year it has been!
2020 was certainly a year of big change for us all, and these changes certainly didn’t exclude the transport and infrastructure sectors as we saw some major takeovers and acquisitions in this past year.
Let’s reflect on the shake ups within the transport and infrastructure sectors over the past year…
Last month Alstom announced that their purchase of Bombardier is set to be completed with the transaction going ahead on the 29th January. The price for the acquisition of 100% of Bombardier Transportation means shares will be €5.8bn to €6.2bn.
Skanska agreed to sell its Infrastructure Services business to M Group Services for £50m. The sale is expected to conclude by the end of Q1 2021.
Last month Jacobs took majority 65% stake in UK management consultancy firm PA Consulting. Following the investment PA has been valued at £1.8bn with the remaining 35% stake being held by PA’s 3000 employees after the exit of majority stakeholder, The Carlyle Group.
US Engineering giant Jacobs also completed its acquisition of Wood Nuclear earlier last year for £250m.
Willis Towers Watson
WTW recently acquired boutique climate change advisory and analytics services firm Acclimatise in response to increasing client demand and focus on climate change risk.
Galliford Try’s housing and regeneration business completed its sale to Bovis Homes last year in a £1.1bn deal. The company announced plans to change its name to Vistry Group PLC using the new corporate name for the enlarged groups housebuilding and partnerships business.
McCarthy & Stone
Towards the end of last year, Lone Star secured approval for its £647m takeover of retirement housebuilder McCarthy & Stone. The PE firm won the backing of shareholders controlling 85.7% of the shares.
Transport Consultancy ITP joined Dutch Engineering firm Royal HaskoningDHV (RHDHV) towards the end of last year with ambitious plans for the merger to further their transport planning offering.
Last year Morrisroe took a controlling stake in the £37m turnover demolition firm Cantillon. This deal means Morrisroe Group has broadened the scope of their services and can now provide full demolition and basement box services in addition to concrete frames.
Last year the consultancy added to its European presence by acquiring the power systems unit of engineering consultancy Ramboll.
Last year braking systems manufacturer Knorr-Bremse bought an additional 19.8% stake in Israeli start-up Rail Vision in a $10m deal, Knorr-Bremse now owns a 36.8% stake in Rail Vision.
ERM bought specialist sustainability advisory company Critical Resource Strategy & Analysis last year, strengthening its capabilities to address the risks associated with increasing sustainability and socio-political challenges.
After a deal initially being announced in June last year with an initial value of £271m, Mitie cut the deal’s value to c£190m in November after reducing their shares, Mitie’s shareholders will hold 82.5% of Interserve’s facilities management arm.
Atos acquired sustainability and climate change firm EcoAct last year as a major addition to their decarbonisation offering. EcoAct maintains its own brand and will continue to be led by co-founders Thierry Fornasand and Gerald Maradan. Organisationally the consultancy becomes part of Atos’s consulting division.
WSP has recently reached an agreement to acquire leading global engineering and consulting firm Golder Associates with the acquisition expected to be completed in the first half of Q2 this year. With this acquisition 14,000 of WSP’s 54,000 staff will now be dedicated to accelerating the world’s green transition.
Last year the Competition & Markets Authority gave the green light for Breedon’s £178m acquisition of c100 sites from rival firm Cemex.
First Class Partnerships (FCP)
A merger between rail transport consultant FCP and Canadian infrastructure management consultant CPCS Transcom has recently been announced. The combined group has projected annual revenues of $30m.
Last year Castle Water officially completed their merger with Affinity for Business. The combined company now has c400,000 business customers and makes the Affinity for Business Welwyn Garden City office their new southern hub.
Octopus Energy acquired energy software firm Upside Energy and established a new tech hub in Manchester last November. This acquisition follows Octopus Energy’s acquisition of Silicon Valley-based start-up Evolve Energy in September last year for £3.9m.
£1.1bn engineering consultancy GHD bought analytics specialist Movement Strategies last year adding 35 Movement Strategies team members in London to the 600 GHD employees in Europe and Middle East region.
18 months after being bought by US rival Tetra Tech for £43m in 2019, the White Young Green name has finally disappeared this month, now rebranding as Tetra Tech nearly 60 years since its inception.
Last January Sirius Minerals agreed a £405m takeover deal with global mining giant Anglo American. The takeover was completed in March last year.