Technology and engineering conglomerate AECOM Technology Corporation has acquired Davis Langdon, the London, UK-based cost and project management consultancy, in a transaction valued at US$324m.

AECOM, which works closely with the global theme parks industry and publishes the much-anticipated Attraction Attendance Report every year, said the addition of Davis Langdon reflects the group’s "continued commitment to execute" on its stated strategy of growth and diversification, especially from a global footprint standpoint.

Davis Langdon provides cost and project management services, and specialist consultancy services, to clients around the world, with a strong presence in Africa, Australia and New Zealand, Europe, the Middle East and the US.

The company’s 2,800 employees serve public- and private-sector clients in a variety of markets. Its counterpart in Asia, Davis Langdon and Seah, will remain independent, but will continue to work with AECOM’s Davis Langdon operations under an existing collaboration agreement.

"Davis Langdon’s strong cost and project management capabilities bolster our growing portfolio of construction management services," said John Dionisio, AECOM president and CEO.

"Combined with our recent acquisition of Tishman Construction, we have significantly enhanced AECOM’s ability to meet the growing customer demand for turnkey, integrated services – and we have done so by adding two recognised global leaders in the industry to the AECOM enterprise."