Atkins (company) explained

Atkins
Type:Private (1938–2017)
Subsidiary (2017–2023)
Foundation:1938
Defunct:2017
Fate:Bought by SNC-Lavalin
Successor:AtkinsRéalis
Founder:Sir William Atkins
Location:Nova North, London, England
Locations:Offices in 28 countries
Key People:Philip Hoare (President)
Industry:Construction, design, engineering and business services
Services:Consultancy services
Revenue:£2.081 billion (2017)[1]
Operating Income:£171.5 million (2017)
Net Income:£164.6 million (2017)
Num Employees:18,300 (March 2017)
Subsid:Faithful+Gould

Atkins was a British multinational construction, design, engineering and business services company. It was formerly listed on the London Stock exchange and had a London headquarters. During July 2017 the company was bought by SNC-Lavalin in a £2.1 billion deal[2] [3] which subsequently renamed to AtkinsRéalis in 2023.

The company was founded as W. S. Atkins & Partners by Sir William Atkins in 1938. It experienced rapid growth following the Second World War, performing specialist services in town planning, engineering sciences, architecture and project management. The firm was admitted to the London Stock Exchange in 1996, trading under the name WS Atkins plc for a time before rebranding as Atkins during 2002. While Atkins largely focused on the UK market during its formative years, it has grown into an international firm with a global presence, as well as expanded into a wide range of sectors, including aerospace and high speed railways.

By 2016, Atkins had become the UK's largest engineering consultancy, as well as the world's 11th largest global design firm.[4] It employed approximately 18,000 staff based in 300 offices across 29 countries and had undertaken projects in over 150 countries. The firm's motto was "Plan, Design, Enable".

History

The original company, W. S. Atkins & Partners, was established by William Atkins in 1938. The venture was not Atkin's only business endeavour, having acquired London Ferro-Concrete from his prior employers; he continued to actively manage both firms up until 1950. In its formative years, the firm established its first offices in Westminster, London and specialised in civil and structural engineering design and consultancy work.[5] Throughout the Second World War, the company developed a reputation for competently performing complex engineering works assigned to it despite the unavoidable wartime pressures and limitations that were imposed. Amongst other works, Atkins developed a patented anti-aircraft turret during this period.[5]

In the aftermath of the conflict, the firm expanded rapidly to support the postwar reconstruction effort, supplying specialist services in town planning, engineering sciences, architecture and project management.[6] During 1945, Atkins was invited to consult on the planned expansion of the Port Talbot Steelworks and subsequently acted as the civil and structural design engineer for the project. In 1950, Atkins opted to discontinue contracting work to concentrate on design engineering and project management work.[5] During the 1950s, the firm became involved in the engineering of the Berkeley Nuclear Power Station, which became the first exclusively civilian nuclear power station in the UK upon its completion; the company continued to be active in the nuclear sector both domestically and abroad.[5] In the 1960s, Atkins provided tunneling designed for the fledgling Toronto subway network. During the 1970s, the company supported the construction of Drax Power Station, the largest power generation facility in the UK.[5]

Up until 1982, the year in which he retired, William Akins served as the company's chairman.[5] [7] In 1996, W. S. Atkins was admitted to the London Stock Exchange and began trading as W. S. Atkins plc. That same year, it also acquired Faithful+Gould, a cost and project management consultancy firm.[8] Throughout the 1980s and early 1990s, Atkins played a key role in the engineering of the Channel Tunnel; completed in 1994, it possesses the longest underwater section of any tunnel in the world.[9] [5] During the late 1990s, WS Atkins performed work on the Burj al Arab hotel, which was completed in 1999.[10]

In 2002, the company begun trading under the Atkins name. That same year, it also bought Hanscomb, construction consultants.[11] During the early 2000s, the company experienced a period financial difficulties, resulting in the share price falling to 50p in 2002[12] and the company's Chief Executive, Robin Southwell, resigning along with Finance Director Ric Piper, who was also told his new job at Trinity Mirror was no longer open to him.[13] Keith Clarke replaced him, joining from Skanska.[14] Atkins was one of the five shareholders in Metronet, the London Underground maintenance company that failed in 2007, after which Atkins was forced to write off its investment in the venture.[15] During 2009, Atkins was selected as the official engineering design services provider for the 2012 Summer Olympics; the company provided building services design, civil engineering and structural engineering, acoustics, fire protection engineering, and accessibility services.[16] [17]

As a consequence of the general economic downturn experienced during the Great Recession, Atkins reduced its headcount as a cost-saving measure; approximately 3000 staff left the business between April 2009 and February 2011, although the overall headcount remained relatively stable following the acquisition of the American company PBS&J during August 2010.[18] [19] The purchase of PBS&J, a Florida-based provider of engineering, planning, architecture, construction, environmental, and program management services, was viewed as a major buy into the North American market for Atkins.[20]

Although Atkins had not traditionally involved itself in the aerospace sector, the firm decided to build up its presence in the market, quickly forming links with British aero engine manufacturer Rolls-Royce Holdings and the multinational aerospace firm Airbus.[17] [21] Its first major aerospace project was to perform a stress-check analysis of the wing proposed for the Airbus A380 airliner, later expanding to perform work on the wings of the Airbus A320 and Airbus A350 XWB airliners as well as the Airbus A400M Atlas military airlifter. Atkins was reportedly keen to expand within the North American region, particularly with Boeing and its supply chain.[17] By 2011, roughly 500 staff around the globe were working in the aerospace sector; Atkins divisional managing director Neil Kirk noted the firm's plans to expand and double turnover from this sector over the following three to four years.[17]

Atkins has also been highly active in the engineering of high speed railways.[22] The company's own analysis noted that Europe's high speed rail network was expected to expand three-fold between 2008 and 2020, while passenger rail travel in the UK was growing far faster than official forecasts had predicted.[23] In 2001, the UK's Strategic Rail Authority commissioned Atkins to produce a feasibility study into the business case for, and the transportation impact of, high-speed railways.[24] During January 2011, an Atkins-led consortium was selected to engineer a 180 km high speed line between the Danish capital of Copenhagen and the German border.[25] In April 2019, the company was appointed to plan Sweden's first high speed main line.[26]

In June 2011, Atkins announced it was buying the oil and gas business of Finnish global consulting firm Pöyry for €17.25 million; as a result of this acquisition, around 130 staff from Pöyry's Perth, Stavanger and Aberdeen offices integrated into Atkins' Energy business unit.[27] During October 2014, Houston-based oil and gas offshore engineering business Houston Offshore Engineering was acquired for £45 million, added another 150 people to the business and increased the headcount of oil and gas specialists to over 1,000 within its operations worldwide.[28] That same year, Atkins had made a bid to purchase Parsons Brinckerhoff from Balfour Beatty, but were outbid by WSP Global.[29] In April 2016, the company announced the acquisition of the Projects, Products and Technology (PP&T) segment of EnergySolutions for £206 million, strengthening Atkins' nuclear multidisciplinary capability to a 2,000-strong global team.[30]

During April 2017, Atkins received a £2.1bn bid from Canadian company SNC-Lavalin. On 21 April, it was announced that the takeover deal had been agreed;[31] the move was approved by shareholders in June 2017. This step coincided with news of 92 redundancies in the company's infrastructure division.[32] The deal was completed on 3 July 2017, with Atkins becoming SNC-Lavalin's fifth business sector.[33] Atkins was delisted from the London Stock Exchange with effect from 4 July 2017.[34]

During the COVID-19 pandemic in the United Kingdom, Atkins announced it was cutting around 280 jobs from its UK infrastructure division, blaming "unprecedented uncertainty" in the sector from which it did not expect to see a bounce back "in the short to medium term."[35]

Operations

Atkins provides engineering, design, business and digital consultancy services in various regions:[36]

Atkins also has an Energy business providing engineering and project management services.[36]

Notable projects

Atkins' notable past and current projects include:

Asia Pacific

Europe (ex. United Kingdom)

Middle East

North America

United Kingdom

External links

Notes and References

  1. Web site: Results for the year ended 31 March 2017 . atkinsglobal.com . 1 June 2019 . 4 July 2018 . https://web.archive.org/web/20180704085206/http://www.atkinsglobal.com/en-gb/media-centre/news-releases/2017/jun/2017-06-15 . dead .
  2. Web site: Lampert. Allison. 20 April 2017. Canada's SNC-Lavalin to buy WS Atkins in C$3.6 billion deal. 15 January 2021. reuters.
  3. Web site: 5 July 2017. SNC-Lavalin closes WS Atkins acquisition. 15 January 2021. Canadian Consulting Engineer.
  4. Web site: Atkins at a glance . atkinsglobal.com . 24 August 2016.
  5. Web site: Celebrating 75 years: Our founder, Sir William Atkins . Aktins . 30 April 2020 . 11 July 2018 . https://web.archive.org/web/20180711091449/http://www.atkinsglobal.com/en-GB/media-centre/features/our-founder-sir-william-atkins . dead .
  6. Sir William Atkins . 2004 . 10.1093/ref:odnb/40104 . 15 April 2017.
  7. Web site: Our history = . Atkins . 30 April 2020 . 23 July 2018 . https://web.archive.org/web/20180723053855/http://www.atkinsglobal.com/en-GB/about-the-group/our-history . dead .
  8. Web site: Atkins to buy out Faithful+Gould . Construction News . 25 January 1996.
  9. News: Jane . Gilbert . 'Chunnel' workers link France and Britain . The Daily Post (New Zealand). APN New Zealand Ltd . 1 December 2006 .
  10. Web site: September 2000 CE Article & Questions – Designing with structural fabrics . construction.com . 23 March 2015.
  11. Web site: Hanscomb recommends shareholders accept W.S. Atkins offer . . 28 May 2002.
  12. News: 2002-10-01. Tube contract bidder in trouble. en-GB. 2021-11-11.
  13. Web site: Personal finance – How to grow your wealth and spend less money . . 23 March 2015.
  14. Web site: Atkins poaches Clarke . Building . 23 March 2015.
  15. Web site: Metronet woes cost WS Atkins dear . Terry Macalister . The Guardian. 26 June 2007 . 23 March 2015.
  16. Web site: LOCOG appoints Atkins . sourcews.com . 2009.
  17. Web site: Atkins is engineering aerospace, too . . Dominic . Perry . 20 September 2011.
  18. Web site: Atkins reveals workforce fell by 2,500 in 18 months . Building . 23 March 2015.
  19. Web site: 300 more jobs to go at Atkins . Building . 23 March 2015.
  20. News: WS Atkins buys into US with $280m PBSJ deal . . 23 March 2015.
  21. Web site: The devil is in the detail . Flight International . 25 February 2008.
  22. Web site: High Speed Rail . Atkins . 30 April 2020 . 4 September 2016 . https://web.archive.org/web/20160904052716/http://www.atkinsglobal.com/en-gb/angles/tags/high-speed-rail . dead .
  23. Web site: Future Rail . Atkins . 30 April 2020 . 28 June 2018 . https://web.archive.org/web/20180628222140/http://www.atkinsglobal.com/en-GB/angles/all-angles/future-rail . dead .
  24. Web site: Department for Transport . A vision for the High Speed Line (HSL) . http://webarchive.nationalarchives.gov.uk/20100408182010/http://www.dft.gov.uk/pgr/rail/researchtech/research/avisionforthehighspeedlinehsl/ . dead . 8 April 2010 . 23 June 2011.
  25. Web site: Atkins-led consortium wins design work on Denmark's high speed rail line . globalrailwayreview.com . 18 January 2011.
  26. Web site: Atkins makes plans for Sweden's first high speed rail mainline . tunnelsonline.info . 25 April 2019.
  27. Web site: Atkins acquires additional expertise in the oil and gas sector . https://archive.today/20130118035305/http://www.atkinsglobal.com/media-centre/news-releases/2011/2011-06-06 . dead . 18 January 2013 . Atkins . 6 June 2011.
  28. Web site: Atkins acquires Houston-based oil and gas engineering business . Atkins . 1 October 2014 . 12 September 2015 . 2 June 2016 . https://web.archive.org/web/20160602200147/http://www.atkinsglobal.com/en-gb/media-centre/news-releases/2014/oct/2014-10-01 . dead .
  29. Web site: Failed Parsons Brinckerhoff bid cost Atkins £4.5m . constructionenquirer.com . 25 September 2014.
  30. Web site: Atkins creates world leading nuclear services consultancy with acquisition of US nuclear business . Atkins . 11 April 2016.
  31. News: Prior. Grant. Atkins agrees £2.1bn takeover by Canadian group. 21 April 2017. Construction Enquirer. 21 April 2017.
  32. News: Prior. Grant. Atkins announces job cuts days before Lavalin takeover. 3 July 2017. Construction Enquirer. 1 July 2017.
  33. News: Atkins now under Canadian ownership. 5 July 2017. The Construction Index. 4 July 2017.
  34. News: DELISTING AND CANCELLATION OF TRADING OF ATKINS SHARES. 7 July 2017. London Stock Exchange. 4 July 2017.
  35. News: Weinfass . Ian . Atkins to cut 280 UK jobs . 9 June 2020 . Construction News . 9 June 2020.
  36. Web site: WS Atkins PLC, ATK:LSE profile . ft.com . 23 March 2015.
  37. Web site: Centaurus. atkinsglobal.com. 23 March 2015.
  38. Web site: Regatta Apartments. atkinsglobal.com. 23 March 2015.
  39. Web site: Projects. atkinsglobal.com. 23 March 2015. 4 January 2014. https://web.archive.org/web/20140104225257/http://www.atkinsglobal.com/projects/songjiang-shimao-hotel. dead.
  40. Web site: Trivandrum International Airport Landside and Airside Development. ATKINS Global. 1 April 2018.
  41. Web site: Atkins reveals design for Asia Aerospace City in Malaysia – 15 July 2014. Atkins. 15 July 2014. 17 July 2014.
  42. Web site: Capital Fort – Offices for rent. capitalfort.com. 23 March 2015.
  43. Web site: Bahrain World Trade Center. atkinsglobal.com. 23 March 2015.
  44. Web site: Burj Al Arab. atkinsglobal.com. 23 March 2015.
  45. Web site: Dubai Metro. atkinsglobal.com. 23 March 2015.
  46. Web site: Al Mashaaer Al Mugaddassah Metro. atkinsglobal.com. 23 March 2015.
  47. Web site: High potential (Interview with Rod Steward). 16 January 2013. Investvine.com. 17 January 2013.
  48. Web site: The Address Project. Atkinsglobal.com. 11 July 2013.
  49. http://www.sfredevelopment.org/index.aspx?page=57 Hunters Point Shipyard
  50. Web site: Howard County – Little Patuxent Water Reclamation Plant . ho.md.us . 23 March 2015 . dead . https://web.archive.org/web/20150316165949/http://www.co.ho.md.us/dpw_bou_lpwrp.htm . 16 March 2015 . dmy .
  51. http://www.mvn.usace.army.mil/hps2/index.asp Hurricane & Storm Damage Risk Reduction System

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