Canadian firm SNC-Lavalin has agreed a £2.1bn takeover of Atkins.
The company has offered £20.80 per share with both boards having agreed to the deal.
Atkins chief executive Uwe Krueger will step down and be replaced by current chief financial officer Heath Drewett.
SNC-Lavalin has also set aside £5m in cash retention payments for senior Atkins managers to ensure they stay with the firm for at least 12 months.
The Atkins brand will remain during the takeover period but will be looked at in the long-term depending on client feedback.
Register for free or sign in to continue reading
This is not a paywall. Registration allows us to enhance your experience across Construction Management and ensure we deliver you quality editorial content.
Registering also means you can manage your own CPDs, comments, newsletter sign-ups and privacy settings.
