Acquisition of Chinese architecture, engineering firm expands AECOM's
presence in rapidly growing market
LOS ANGELES, November 20 /CNW/ - AECOM Technology Corporation (NYSE:
ACM), a leading provider of professional technical and management support
services for government and commercial clients around the world, has acquired
Shenzhen, China-based CityMark Architects and Engineers (CityMark).
The transaction marks an important step in AECOM's strategic expansion
into the architectural design and building engineering industries of the
People's Republic of China (PRC). In addition, the two parties believe that
this is the first time that a non-Chinese company has acquired 100-percent
ownership of a Chinese design firm with a Class A architectural and
engineering license issued by the country's Ministry of Construction.
Originally established in Shenzhen in 1998, CityMark has gradually
evolved into a leading architectural and engineering firm practicing in the
PRC with more than 200 professional technical employees. CityMark's practice
has a rich and diverse portfolio that stands out among its peers for its
ability to fuse design excellence with prime client service. Some of its
notable projects include the International Chamber of Commerce Tower, Sheraton
Dameisha Resort Hotel and the Galaxy Century Plaza in Shenzhen.
"By drawing on CityMark's expertise and local presence, we expect AECOM
will be able to greatly expand its market and service scope in the People's
Republic of China and deepen our planning, design and management services
across Asia - all of which benefits our current and future clients," said John
M. Dionisio, AECOM president and chief executive officer. "The joining of our
two companies also presents opportunities to leverage our extremely talented
CityMark co-founders Mark Mao and Jin Yiqun will remain president and
senior vice president respectively.
"Joining AECOM is an important moment for CityMark," said Mao. "I believe
this move gives us a strong professional advantage, further enhances our
already strong capabilities and is in the best interests of our clients as
well as our employees."
AECOM (NYSE: ACM) is a global provider of professional technical and
management support services to a broad range of markets, including
transportation, facilities, environmental and energy. With more than 31,000
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 enhance and
sustain the world's built, natural, and social environments. AECOM serves
clients in more than 60 countries and had revenue of more than $4 billion for
the 12-month period ended June 30, 2007. More information on AECOM and its
services can be found at www.aecom.com.
All statements in this press release other than statements of historical
fact are "forward-looking statements" for purposes of U.S. federal and state
securities laws, including any statements of the plans, strategies and
objectives for future operations of AECOM and its subsidiaries in Asia and any
statements regarding future economic conditions or performance. 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
quarterly report on Form 10-Q for the fiscal quarter ended June 30, 2007, and
our other reports filed with the Securities and Exchange Commission. We do not
intend, and undertake no obligation, to update any forward-looking statement.
For further information:
For further information: AECOM Technology Corporation Paul Gennaro,