Aecom Technology Corp. said late Sunday that it acquired privately held Lake Forest engineering firm LAN Engineering Corp. of California.
Aecom, based in downtown Los Angeles, said acquisition of the company also known as Lim and Nascimento strengthens its construction management and design services in the transportation market. The acquisition cost was undisclosed.
"We look forward to the new opportunities that we will pursue with LAN onboard," said Aecom Chief Executive John M. Dionisio in a statement. LAN has nearly 200 employees compared with Aecom's 44,000 worldwide.
Aecom's shares were down 63 cents, or 2 percent, to $27.18 in midday trading on the New York Stock Exchange.
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