RSK Group to acquire water business in Singapore
Black & Veatch’s water businesses would be rebranded as Binnies.
International environmental, engineering and technical services firm RSK Group has announced that it is in the process of acquiring engineering, procurement, consulting and construction company Black & Veatch’s Water Europe and Water Asia businesses, including Black & Veatch (SEA) in Singapore.
The deal is slated to be completed early in 2021, and the water businesses would “move forward, continuing to provide sustainable and resilient water, wastewater and flood resilience projects, with existing management and employees but under a new brand as Binnies,” UK-headquartered RSK Group said in a statement.
“Most of you may recall that Black & Veatch (SEA) in Singapore operated as Binnie & Partners Singapore for several decades before 1995 and provided unrivalled engineering services in the water and wastewater sector to many countries in the region. The acquisition of Binnies by RSK not only continues this legacy of serving the community in the region with what it is best known for but also offers new environmental services that the RSK group brings to its clients all over the world,” Managing director of Binnies in Singapore, William Yong, said.
The acquisition of Binnies would increase RSK Group’s overall headcount from 4,300 to 5,500 employees worldwide. Meanwhile, the businesses comprising Binnies would add an estimate of $286.8m to RSK Group’s annual turnover.