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U.S. engineering firm acquires Taiwan counterpart

U.S. engineering firm acquires Taiwan counterpart

Los Angeles, Jan. 6 (CNA) AECOM Technology Corp., a U.S.-based engineering technical and management services provider, said Friday it has acquired Capital Engineering Corp., an engineering consultancy firm from Taiwan, in a bid to tap the growing market in Asia. However, AECOM, headquartered in Los Angeles, did not disclose any financial terms in the acquisition deal. As a Fortune 500 company, AECOM, which was established in 1990, serves commercial and government clients in more than 130 countries, providing services in a wide range of markets, including transportation, facilities, environmental, energy and water treatment. The name of AECOM stands for architecture, engineering, consulting, operations and management. In its fiscal year of 2011, the U.S. firm, with a workforce of 45,000 employees around the world, posted US$8 billion (NT$242 billion) in sales. Capital Engineering, which was set up in 1988 and has about 160 employees based in its Taipei and Kaohsiung offices, provides environmental, water, hydraulic and land development engineering consulting services to clients in public and private sectors of Taiwan. AECOM Chairman and Chief Executive Officer John M. Dionisio said his company is delighted that Capital Engineering is joining the AECOM family and expects the team-up will strengthen service integration for the clients of the two firms. Capital Engineering's "24-year track record of providing specialized environmental and engineering services in Taiwan expands our footprint in Asia," Dionisio said in a statement on the company's website. The acquisition "reflects our commitment to growth in new and emerging markets," Dionisio said. For his part, Capital Engineering President Davy Huang said that joining AECOM is expected to help his company offer new services in Taiwan and even across the Asian market to meet growing demand from its client. In addition, Huang said the presence of AECOM is expected to provide more professional and career opportunities to Capital Engineering's staff as the Taiwanese firm is eyeing growth in the region. (By Oscar Wu and Frances Huang)


Updated : 2021-07-29 22:35 GMT+08:00