MONTREAL, Oct. 2, 2024
/CNW/ - AtkinsRéalis Group Inc. (TSX: ATRL), a world-class
engineering services and nuclear company with offices around the
world, is set to work with the UK's largest listed water
company to deliver a major environmental program that will provide
cleaner rivers, more reliable water supplies and improvements to
services.
United Utilities has appointed three design and development
partners (DDP) in a contract worth a potential £90 million for each
DDP over 11 years.
AtkinsRéalis' local delivery teams will create detailed designs
for schemes across United Utilities' water and wastewater sites, as
well as bio resource and rainwater management projects. This may
include deploying new technology solutions such as its automated
digital design capability to make designing new assets faster and
more cost-effective.
The DDP appointments will support what United Utilities
describes as the largest environmental program in the North West of
England in over 100 years,
forming part of its proposed investment plan for 2025-2030
- with regulator Water Services Regulation Authority
(Ofwat) set to make a final determination in December 2024.
"The global water market faces huge challenges from increased
demand and the impact of climate change, which is why we have a
laser-like focus on supporting the sector in order to provide a
secure supply of clean drinking water," said Ian L. Edwards, President and Chief Executive
Officer, AtkinsRéalis. "Water companies in the UK are poised to
make record levels of investment in infrastructure and asset
management programs, which is where AtkinsRéalis can bring decades
of design, engineering and project management experience to bear,
as well as market-leading innovation from our local delivery
teams."
The role of the DDP will be to take concepts put forward by the
strategic solutions team at United Utilities, to develop scalable,
repeatable, and future-proof designs. They will work at speed, with
the aim of improving efficiency of delivery and reducing operation
and maintenance risk in the future.
"The water sector in the UK is of huge importance to our
business and we look forward to working with United Utilities to
help design and plan these essential new assets that are necessary
to enhance the network and meet future challenges," said
Richard Robinson, President for UK
& Ireland, AtkinsRéalis. "Our
teams in the North West of England
will bring best-in-class design and engineering skills to this
important program. With a clear focus on improving efficiency and
future-proofing new assets, we are able to introduce innovative
digital solutions and skills to support that and speed up delivery
of these urgently-needed assets."
The framework is expected to run for five years initially, with
an option to extend up to 11 years. United Utilities expects its
overall proposed investment would support 30,000 jobs - including
7,000 new jobs across the water company and its wider supply chain
in the North West.
About AtkinsRéalis
Created by the integration of long-standing organizations
dating back to 1911, AtkinsRéalis is a world-class engineering
services and nuclear company dedicated to engineering a better
future for our planet and its people. We create sustainable
solutions that connect people, data and technology to transform the
world's infrastructure and energy systems. We deploy global
capabilities locally to our clients and deliver unique end-to-end
services across the whole life cycle of an asset including
consulting, advisory & environmental services, intelligent
networks & cybersecurity, design & engineering,
procurement, project & construction management, operations
& maintenance, decommissioning and capital. The breadth and
depth of our capabilities are delivered to clients in strategic
sectors such as Engineering Services, Nuclear and Capital.
News and information are available at
www.atkinsrealis.com or follow us on
LinkedIn.
Forward-Looking Statements
References in this press release to the "Company",
"AtkinsRéalis", "we", us" and "our" mean, as the context may
require, AtkinsRéalis Group Inc. or all or some
of its subsidiaries or joint arrangements or associates. Statements
made in this press release that describe the Company's expectations
or strategies constitute "forward-looking statements", which can be
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"may", "objective", "plans", "projects", "should", "will",
"likely", or other variations thereon. Forward-looking statements
also include any other statements that do not refer to historical
facts. The Company cautions that, by their nature,
forward-looking statements involve risks and uncertainties, and
that its actual actions or results could differ materially from
those expressed or implied in such forward-looking statements.
Forward-looking statements are presented for the purpose of
assisting investors and others in understanding certain key
elements of the Company's current objectives, strategic priorities,
expectations and plans, and in obtaining a better understanding of
the Company's business and anticipated operating environment.
Readers are cautioned that such information may not be appropriate
for other purposes. Forward-looking statements made in this press
release are based on a number of assumptions believed by the
Company to be reasonable as at the date hereof. The assumptions are
set out throughout the Company's 2023 annual management disclosure
& analysis ("MD&A") (particularly in the sections entitled
"Critical Accounting Judgments and Key Sources of Estimation
Uncertainty" and "How We Analyze and Report our Results") filed
with the securities regulatory authorities in Canada, available on SEDAR+ at
www.sedarplus.com and on the Company's website
at www.atkinsrealis.com under the "Investors" section.
If these assumptions are inaccurate, the Company's actual results
could differ materially from those expressed or implied in such
forward-looking statements. In addition, important risk factors
could cause the Company's assumptions and estimates to be
inaccurate and actual results or events to differ materially from
those expressed in or implied by these forward-looking statements.
Those risks are identified in the Company's 2023 annual MD&A
(particularly in the sections entitled "Risk and Un
certainties"), as updated in the first and second
quarters 2024 MD&A, are not exhaustive. The
forward-looking statements herein reflect the Company's
expectations as at the date of this press release and are subject
to change after this date. The Company does not undertake to update
publicly or to revise any such forward-looking statements whether
as a result of new information, future events or otherwise, unless
required by applicable legislation or regulation. The
forward-looking information and statements contained herein are
expressly qualified in their entirety by this cautionary
statement.
SOURCE AtkinsRéalis