Firm's last global business is set for sale by mid-year to U.S.-based Atlas Holdings in a $70M deal under which it would rebrand to Bovis, a name Lendlease dropped in 2011
After rejecting three acquisition offers from Dubai-based AE consolidator Sidara, formerly Dar Group, energy-industrial services firm agrees to talks related to latest sweetened bid.
Purchase of Asia-Pacific assets of Perth contractor Clough “guarantees the continuity" of firm projects and employment for 1,100 employees, says the Italy-based buyer.
In ENR interview, CEO Troy Rudd says that even with construction units shed, the design firm has size, scale and tech value to tackle climate change and workforce demands
Analysts note design firm's parallel sale and spinoff plans, but shedding construction assets will take longer. Activist investor was key sale catalyst, reports say.
