Aecom will acquire all outstanding shares of URS for a combination of cash and stock valued at approximately US$4 billion. The inclusion of URS debt brings the total enterprise value of the transaction to approximately US$6 billion.

The combined company will have more than 95,000 employees in 150 countries.  

“Clients, employees and stockholders of both companies will benefit from the opportunities created by these expanded capabilities, broad global reach in key growth markets and economies of scale. In one step, we will dramatically accelerate our strategy of creating an integrated delivery platform with superior capabilities to design, build, finance and operate infrastructure assets around the world,” “said Aecom president and chief executive officer Michael Burke.

The transaction is expected to close in October 2014.