AECOM restructures through sales and divestitures of high-risk operations
Beginning in 2020, AECOM has taken steps to reduce its risk profile by discontinuing operations in high-risk markets. In 2021, the company completed the sale of its power construction business to CriticalPoint Capital, LLC. Additionally, AECOM completed the sale of its civil infrastructure construction business to affiliates of Oroco Capital. Additionally, given low profitability and high risk, Aecom has begun disposing of its oil and gas construction businesses. As of 2022, the company has exited from 30 countries.
Discontinued ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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