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Wednesday, May 18, 2022

AECOM [NYSE: ACM] Reveals The Divestiture Of Its Some Construction Businesses

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AECOM [NYSE: ACM] revealed that the company entered into a contract of the divestiture of its Civil Construction Business. Moreover, the company will sell the Power construction business and Shimmick Construction Business to affiliates of Oroco capital.

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Troy CEO AECOM stated, “ The statement of the divest of our businesses means that the company has reached a substantial milestone in the advancement of the strategies. It also shows that the company is focusing its efforts on its professional services business”.

He further stated, “ Our overview is excellent as we unite the organization under our think and Act globally strategy. The strategy incorporates changing how we work ad grow the Professional services business. I thank the Civil team on behalf of the company for their hard work. We wish them luck and success under the leadership of Oroco.”

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