Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to the newest version of your browser.

Your browser appears to have cookies disabled. For the best experience of Construction News, please enable cookies in your browser.

Welcome to the Construction News site. As we have relaunched, you will have to sign in once now and agree for us to use cookies, so you won't need to log in each time you visit our site.
Learn more

CH2M Hill pulls out of Scott Wilson race

CH2M Hill has pulled out of the bidding for UK engineering consultancy Scott Wilson.

The US firm announced last night that it would no longer proceed with attempts to buy Scott Wilson after rival bidder URS upped its offer.

URS offered 290 pence in cash for each Scott Wilson Share, valuing the company at £233 million.

CH2M Hill chairman and chief executive officer Lee McIntire said: “While Scott Wilson is an excellent company and an attractive cultural fit with CH2M Hill, it is not felt to be value enhancing to us at the current valuation.

“We understand the importance of certainty to all those impacted by the offer process, in particular the employees and customers of Scott Wilson, and have decided to make clear today that we will no longer proceed with the acquisition of the company.”