-- AtkinsRealis Group (ATRL.TO) on Tuesday said it entered into a scheme implementation deed to buy an Australian and New Zealand engineering and project management consultancy firm, Wallbridge Gilbert Aztec (WGA). Terms of the deal were not disclosed.
"This transaction reflects our continued investment in the AMEA region, in line with our 'Delivering Excellence, Driving Growth' strategy," said AtkinsRealis Chief Executive Ian L. Edwards. "Australia is a priority market for us, where we are rapidly building scale and capability."
The company said the proposed deal will be implemented by way of a scheme of arrangement under Part 5.1 of the Australian Corporations Act and is subject to customary closing conditions, including WGA shareholders' approval, and the receipt of necessary regulatory and court approvals.
Shares of the company closed down 0.7% to $92.68 on Monday on the Toronto Stock Exchange.