3TI PROGETTI acquires the Italian infrastructures branch of URS UK LIMITED
3TI PROGETTI has purchased from the British company URS UK Limited, the third engineering company in the world, the business unit "Italian Road Business", representing the complex of shares of URS UK in highway infrastructure projects in Italy.
With this acquirement 3TI PROGETTI takes, among other things, the role of leader of the designers JV of three major projects: the realization the Pedemontana Lombarda motorway, a project of more than 1.5 billion Euros of value, which Client is the Austro-German company Strabag AG; the realization of a lot of the enlargement to three lanes of the motorway A4, with Client Impregilo; the realization of a lot of the A3 motorway, this project nearing completion, with Client Grandi Lavori Fincosit.
"This acquisition - says Alfredo Ingletti, Chairman of 3TI PROGETTI - is determined thanks to the profound and long lasting bonds of 3TI PROGETTI with URS and does not lead to the conclusion of the relationships between the two companies, that are rather strengthened representing a tangible sign of the continuity of cooperation as it was at the time of the same operation with Turner & Townsend Group Limited, which is still a strategic partner of 3TI Progetti in Italy and in the world."
The agreement provides, as a further significant element, the option for the assignment by URS to 3TI PROGETTI of the provision of technical advice on projects in Saudi Arabia (where URS is present with several engineering contracts).