Black & Veatch today announced the divestment of our Black & Veatch Limited water business in the UK and the operating entities comprising our Water Asia group to RSK Group. We have reached agreement on the transaction and expect to finalize the variety of steps necessary to complete the transaction in the coming weeks. This decision reflects our deep commitment to actively managing our portfolio of businesses and allows the company to focus on the development of its core Water and Mining markets.
This transaction will not impact Black & Veatch Management Consulting or our Oil & Gas and Power businesses. These businesses continue to seek opportunities to grow our footprint in the UK, Europe and across the Asia Pacific region. Similarly, our water operations in North America, South America, Australia, India and New Zealand will remain Black & Veatch entities.
The divestment of Black & Veatch Limited, Black & Veatch Hong Kong Limited and Black & Veatch (SEA) Pte Limited in Singapore will include specified BV entities in both regions as well as personnel, contracts, leases and other assets. We are confident it positions the Water Europe and Water Asia teams based in Hong Kong, Singapore and the Philippines to pursue work in markets central to their new owner’s growth strategy as they move forward – with existing management and staff – under new ownership as part of RSK Group.
We would like to thank each of the UK and Asia Pacific staff who have been part of Black & Veatch over the past 25 years and wish them well as part of the RSK Group.
Steve Edwards | CEO
Cindy Wallis-Lage | President, Water
About Black & Veatch
Black & Veatch is an employee-owned engineering, procurement, consulting and construction company with a more than 100-year track record of innovation in sustainable infrastructure. Since 1915, we have helped our clients improve the lives of people in over 100 countries by addressing the resilience and reliability of our world's most important infrastructure assets. Our revenues in 2019 were US$3.7 billion. Follow us on http://www.bv.com and on social media.
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