AECOM Buys URS Corporation

Los Angeles-based AECOM Technology Corporation said Friday that it is acquiring URS Corporation, in a cash and stock deal worth approximately $4 billion. AECOM said that, including the assumption of debt, the total enterprise value of the deal will be approximately $6 billion. Both companies serve the engineering and construction industry. The companies said the combined firm will have more than 95,000 employees and 2013 pro forma revenues of more than $19B.