Heavy lifting

30 January 2017 By Olaf Storbeck

A mooted tie-up between the UK engineering consultancy and unlisted U.S. peer CH2M has some logic, ahead of a likely rise in infrastructure spending. Yet WS Atkins shareholders will need some persuading. CH2M’s lackluster performance would make its value a bone of contention.

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British engineering and design consultancy WS Atkins has been approached by U.S. peer CH2M for a possible $4 billion merger, the Times reported.

CH2M made the approach for Atkins at a senior level, although it is unclear how far talks developed, the newspaper said.

"It is our policy not to comment on rumour and speculation," Atkins said in response to an inquiry by Reuters, while CH2M was not immediately available for comment.

Shares in Atkins were up 4 percent to 1457 pence by 1003 GMT.

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