Aecom Buys Firm, Starts New Sector

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Aecom Technology Corp. said Monday that it has acquired Arlington, Va.-based development services firm The Services Group for an undisclosed sum.


The Los Angeles-based consulting firm said that the addition of the company will prompt Aecom to create a sector that will focus on acquiring international contracts. The new business will be called Aecom International Development.


The new sector will have its headquarters in Washington, D.C., and will specialize in providing support services in emerging markets around the globe, Aecom said in a statement. Aecom said the new unit will employ more than 400.


Shares in Aecom dropped 1.4 percent to $25.11 in afternoon trading Monday on the New York Stock Exchange. Shares have risen 22 percent since the company went public last spring.

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