Dive Brief:

• Los Angeles-based AECOM Technology Corp. said late Sunday that it will buy San Francisco-based URS Corp. to create a design, construction, management and finance firm with 95,000 workers in 150 countries.
• AECOM is putting up $4 billion in cash and stock and assuming $2 billion in URS debt while AECOM CEO Michael Burke becomes head of the combined entity.
• URS has work in the energy sector while AECOM's current marquee projects are the 2016 Summer Olympics complex in Rio De Janeiro, Brazil, and the World Trade Center in New York City, and executives said they see the companies complementing each other.

Dive Insight:

URS had been under stockholder pressure to bolster its share price. Burke said in a conference call Monday about the deal that clients are asking more often for integrated services that the combined company can provide better.