CH2M Hill, a Douglas County-based engineering and environmental-consulting firm, offered Monday to buy U.K.- based Scott Wilson Group, topping a bid accepted hours earlier from URS.
The plan values Scott Wilson, which is helping to design London’s Crossrail train line, at $285.5 million, CH2M Hill said Monday. That’s about 17 percent more than the $243 million proposal advanced by San Francisco-based URS.
CH2M Hill’s bid for all of Scott Wilson was built on the disclosure earlier Monday that the company had taken a 13 percent stake and was considering a cash offer for the rest.
“The combination of Scott Wilson and CH2M Hill will create a larger and stronger group and will represent to the customers of both companies an attractive international service provider,” CH2M Hill said in a statement.
A spokesman for URS didn’t immediately return messages seeking comment. Bloomberg News
