Canada-based SNC Lavalin Group, the parent of Atkins, said the sale when completed will further speed the corporate transition to engineering and project management.
The U.K.-based engineer s board had agreed to talks with Apollo after its
latest $2.1B purchase offer made in April, but neither company would say why discussions ended on an
official deal.
With a hawkish Federal Reserve pushing higher interest rates to fight inflation, the design market could be a canary in a coal mine for what some economists say will be a “mild” recession later this year.