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Balfour Beatty to Acquire Parsons Brinckerhoff

NEW YORK — International engineering and construction services group Balfour Beatty announced a $626 million deal to buy New York-based professional services firm Parsons Brinckerhoff.

The acquisition is designed to give the Balfour group a leading position in the infrastructure sector in the United States at a time when the American Recovery and Reinvestment Act is injecting billions of dollars into the non-residential construction market for projects across a range of segments, including public safety.

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