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 Hong Kong.
The deal is slated to be completed early in 2021, and the businesses water would “move forwards, 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.
“Our Hong Kong water business has a decades-long track record of award-winning projects in the territory across a range of flood protection, water treatment works, sewage treatment works and, most recently, the first reverse osmosis desalination plant in Hong Kong. These past, and similar future, projects will certainly add value to RSK’s climate agenda,” Managing director of Binnies in Hong Kong Andy Kwok 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 $1,685.2m to RSK Group’s annual turnover.
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