Parsons acquires transportation engineering firm
Acquisition aimed at strengthening transport & infrastructure business
Parsons has acquired Delcan, an international engineering, planning, management, and technology firm working in the transportation market.
Delcan is a strategic addition to Parsons and signals the firm’s intent to expand its geographic footprint in transportation, one of the corporation’s four key market areas.
“In addition to increasing our presence in Canada and other key strategic geographies in the world, the acquisition of Delcan continues the progression of our corporate objectives through the expansion of our transportation and infrastructure business lines and our suite of technology offerings,” said Chuck Harrington, Parsons chairman and CEO. “Moreover, the shared heritage of Parsons and Delcan combined with our shared values further strengthens the strategic and cultural fit of the organisations.”
Over its 60-year history, Delcan has been providing transportation solutions within the rail and transit, road and highway, structures, water, freight, and intelligent transportation systems (ITS) markets.
“Delcan has long prided itself on working with the most talented customers and colleagues in the industry. We are passionate about delivering innovative work and believe that this acquisition will allow us to accomplish these worthy goals on an even greater scale,” said Jim Kerr, Delcan chairman and CEO. “I look forward to working with Parsons to ensure that our customers continue to receive the best service possible.”
With revenues of approximately $126mn in 2013, Delcan has 800 employees working from more than 25 locations across the globe, including the United States, the Middle East, and Hong Kong.