- AtkinsRéalis Group (TSX:ATRL), a global engineering and nuclear energy stock, has joined forces with United Utilities (PINK:UUGRY), the United Kingdom’s largest listed water company, on an up to £90 million environmental program to clean rivers, enhance water supply efficiency and improve utility services over the next 11 years
- The environmental program is the largest in the northwest of England in more than a century
- AtkinsRéalis Group provides sustainable engineering and nuclear energy solutions across the world
- AtkinsRéalis Group stock has added 25.71 per cent year-over-year and 234.37 per cent since 2019
AtkinsRéalis Group (TSX:ATRL), a global engineering and nuclear energy stock, has joined forces with United Utilities (PINK:UUGRY), the United Kingdom’s largest listed water company, on an up to £90 million environmental program to clean rivers, enhance water supply efficiency and improve utility services over the next 11 years.
AtkinsRéalis, one of three design and development partners under the program, will be tasked with creating sustainable and scalable designs for schemes across United Utilities’ water and wastewater sites and bio resource and rainwater management projects.
According to Wednesday’s news release, the environmental program is the largest in the northwest of England in more than a century. United Utilities expects the program to support 30,000 jobs, including 7,000 new jobs across the water company and its supply chain.
Leadership insights
“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,” Ian L. Edwards, president and chief executive officer of AtkinsRéalis, said in a statement. “Water companies in the U.K. 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 water sector in the U.K. 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,” added Richard Robinson, AtkinsRéalis’ president for the U.K. and Ireland. “Our teams in the northwest 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.”
About AtkinsRéalis Group
AtkinsRéalis provides sustainable engineering and nuclear energy solutions across the world, including consulting, advisory and environmental services, intelligent networks and cybersecurity, design, procurement, project and construction management, operations and maintenance, decommissioning and capital.
AtkinsRéalis Group stock (TSX:ATRL) is up by 0.39 per cent, trading at C$55.94 per share as of 11:36 am ET. The stock has added 25.71 per cent year-over-year and 234.37 per cent since 2019.
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(Top photo of United Utilities employees: United Utilities)