Environmental consulting firm RPS is the latest London-listed company to fall victim to the US takeover as pound weakness attracts foreign predators
Environmental consultancy RPS has become the latest London-listed company to fall victim to a US takeover as a weak pound attracts foreign predators.
RPS has reached a settlement valued at £636m with Tetra Tech, a California-based engineering company.
Acquisition: RPS has reached a deal valuing it at £636m with Tetra Tech, a California-based engineering company
Tetra Tech’s 222 pence per share offer tops a previously agreed offer from Canadian outfit WSP Global, which worked on the construction of the Shard office block in London, at 206 pence per share.
RPS Group is based in Abingdon, Oxfordshire, and employs around 5,000 people in 125 countries.
He advises the real estate, energy and water industries on environmental issues.
Chief Executive John Douglas said, “Joining Tetra Tech represents a very attractive combination of two industry-leading companies for our customers.”