AECOM reportedly in talks with WSP

AECOM, WSP Global | January 14, 2020

Los Angeles-based construction and engineering giant AECOM is in talks with Canadian firm WSP Global Inc. about a possible deal, Bloomberg reported last night. Media reports said that WSP approached AECOM about the potential transaction, according to sources familiar with the two companies. Although there is no guarantee that the talks will lead to a deal or how a deal would play out, analyst Andrew Wittmann said in a written research report that he believes the discussions likely have some merit for several reasons, including the fact that WSP's stated goals include acquisitive growth, that AECOM stock has inexplicably climbed in recent days and that AECOM leadership is currently transitioning. Chairman and CEO Michael S. Burke announced in November that he will retire this year.

Spotlight

The engineering profession has always been a stable one. Society will always need engineers. Engineering is also still one of the most profitable professions and offers a quick return on your educational investment. Some of the highest paying salaries straight out of college are in engineering or STEM-related fields. Research numbers from the past few years highlight how an engineering degree can propel a young person’s future career.

Spotlight

The engineering profession has always been a stable one. Society will always need engineers. Engineering is also still one of the most profitable professions and offers a quick return on your educational investment. Some of the highest paying salaries straight out of college are in engineering or STEM-related fields. Research numbers from the past few years highlight how an engineering degree can propel a young person’s future career.

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DESIGN,CONSTRUCTION

Metro Edge Development Partners Announces Team to Design, Build, and Operate World-Class Data Center in the IMD

Power Construction | December 01, 2022

Metro Edge Development Partners, a commercial real estate development firm and minority business enterprise (MBE), announced it has finalized agreements with Corgan, Clune Construction, Power Construction, and Ujamaa Construction to design and build its state-of-the-art data center in the Illinois Medical District (IMD). They join T5 Data Centers as the team that will design, construct, and operate the new data center. “Metro Edge was founded as a firm focused on high-impact, technology-driven developments that have a positive impact on the market and the local community, We are thrilled to have best-in-class partners like Corgan, Clune, Power, and Ujamaa working with us to design and construct this facility. It is a testament to, not only their belief in this project, but also the importance of the development and the positive impact it will have on the West Side. We believe this diverse collection of industry professionals will allow Metro Edge to deliver one of the highest-performance data centers in Chicago.” -Bradley Beile, COO of Metro Edge. The $257 million state-of-the-art data center is expected to break ground in 2023 and open in 2024. Metro Edge recently announced the company secured a 75-year ground lease on a 1.97-acre parcel in the IMD to build and operate a 19.8 megawatt, five-story, 184,720 square foot, high-performance data center that will address the technology infrastructure needs of local and regional healthcare, financial, educational, and government organizations. The facility has already secured 50% preleasing. Located on the West Side of Chicago, the construction of the data center will support over 200 construction jobs and, once completed, over 70 full-time jobs including data center engineers, electricians, tech support personnel, and operations. The new data center will be designed by Corgan, a renowned local architecture firm with decades of experience designing data centers, healthcare and education facilities, commercial buildings, and airport terminals. “Corgan has a rich history of supporting our clients across the data center sector, including the largest wholesale and hyperscale client in the world, We believe the IMD project has the potential to transform the data center landscape in Chicago and we are excited to work with Metro Edge to bring this data center online.” -Dan Drennan, Principal at Corgan. Corgan is leading all the architecture, engineering, and design elements of the project while Clune will oversee all construction aspects of the development in partnership with Power and Ujamaa and T5 as project manager. This project represents a major investment in the West Side of Chicago and meaningfully improves the neighborhood by building on land that has sat vacant for decades, said 28th Ward Alderman Jason Ervin. The development is being led by a top minority-owned real estate company and will generate jobs, revenue, and important social impact programs for the community. About Metro Edge Development Partners: Metro Edge Development Partners is a Chicago-based commercial real estate development firm and minority business enterprise (MBE). Our mission is to pursue institutional-quality investment opportunities that deliver exceptional results to our financial and community partners. Led by a team with decades of private equity real estate experience, Metro Edge targets data centers, life sciences, and technology-oriented developments in primary urban locations around the country. Simply put, we create significant value in areas overlooked by our competitors. About Clune Construction: Clune Construction is a national, employee-owned general contractor, with more than 600 talented professionals located in six offices across the U.S. Since 1997, Clune has provided construction management services for some of the most respected companies in the world. The company manages over $1 billion in construction projects annually. About Corgan: Corgan is a leading architecture and design firm with a decades-long reputation for great customer service. Corgan has expertise across six market sectors – aviation, commercial, data centers, education, healthcare, and interiors. About Power Construction: Power Construction is a management-owned commercial construction company founded in 1926, that focuses on the greater Chicago metro area. With annual revenue of $1 billion and a professional staff of 270, Power is ranked #1 in Chicago on Crain's Chicago Business List of Largest General Contractors. The Chicago Tribune has recognized Power Construction as a Top Workplace for the past five years running. Client types include healthcare, hospitality, developer, workplace, education, industrial, aviation, and luxury residential. About T5 Data Centers (T5) T5 Data Centers (T5) is a full lifecycle data center partner. The company provides customized build-to-suit, wholesale turnkey or powered shell data centers, critical facility construction, and ongoing facility management and operations services. T5 offers expert critical facility construction and its Uptime Award Winning facility management and operations services across its portfolio of data centers. T5 currently operates over 500 MW of critical load across 55 data centers and offers turnkey or build to suit data center solutions in 9 U.S. markets. About Ujamaa Construction Ujamaa Construction (“UJAMAA”) was founded in 2002 by Jimmy Akintonde to create a working organization that pays an equal amount of attention to quality of completed projects, safety of its employees, social responsibility, sustainability, corporate profitability, and citizenship within the company’s communities. UJAMAA has experienced explosive growth, opening an office in Atlanta, Georgia in 2017.

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DESIGN,ENGINEERING TECH,CONSTRUCTION

Revgen.tool, Innovative Solution From Cove.tool, Designed for Building Product Manufacturers

cove.tool | January 16, 2023

In a recent announcement, leading architectural design and construction solutions provider, cove.tool launched a cloud-based software, revgen.tool, designed to make it simple for building product manufacturers to attract qualified leads, effectively market their products, and drive revenue. This unique, industry-first solution allows manufacturers to build relationships with engineering, architecture and construction (AEC) professionals with verified advanced building performance engines. This helps manufacturers make informed product decisions earlier in a project’s lifecycle. Product performance within a project can be highlighted via the revgen.tool by manufacturers, and market their products for specific needs. Harnessing advanced analytics, the software sifts through thousands of building designs within architecture 3D models, which also includes BIM, to assist teams in identifying the best match for their products. This allows building product manufacturers to connect with the right engineers and architects and strengthen relationships. AEC teams can access real-time data to identify new products, which in turn helps them save time and resources. As a trusted third-party partner shares the data, it is easier for manufacturers to build trust and establish relationships with AEC professionals by sharing accurate data for projects and products. Patrick Chopson, Co-Founder and Chief Product Officer at cove.tool, “Driven by the urgent need to rapidly reduce carbon emissions and take climate action, there are political, economic, regulatory, and climate-driven macros on a global scale driving a massive shift in the design and construction of buildings. To help meet the targets before 2030, it is essential for manufacturers to partner with architects and engineers.” He further added, “With revgen.tool, this is finally possible. Manufacturers and design teams can now better align on what products may best fit with real-time, project-specific performance analysis. Newer, high-performance products can be highlighted, encouraging adoption that helps create more comfortable, efficient, and sustainable buildings. Our system enables manufacturers and design teams to forge stronger, more successful relationships based on data.” (Source-Businesswire) About cove.tool Cove.tool platform helps with the entire building lifecycle, from analysis to design and construction. Their point-based solutions link to build a connected eco-system that enables teams to collaborate on project data, resulting in more cost-effective decisions. By assisting developers, builders, and architects in using data-driven design through automation and cost reduction, cove.tool fights climate change.

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ENGINEERING TECH,CONSTRUCTION

Exyn Technologies and Trimble Collaborate on a Proof of Concept for a Fully Autonomous Surveying Solution for Construction

Trimble | November 08, 2022

Trimble (NASDAQ: TRMB) and Exyn Technologies, a pioneer in multi-platform robotic autonomy for complex, GPS-denied environments, announced today a strategic collaboration to explore the use of autonomous construction surveying technology. The solution will integrate Boston Dynamics' Spot® robot, the ExynPak™ powered by ExynAI™ and the Trimble® X7 total station. It will enable fully autonomous missions inside complex and dynamic construction environments, which can result in consistent and precise reality capture for production and quality control workflows. "The integration of autonomous surveying technology into a construction workflow has groundbreaking potential, It can improve operational efficiency and transparency throughout the build lifecycle while also transforming worker safety for potentially hazardous data collection." -Aviad Almagor, vice president of Technology Innovation, Trimble. Autonomous robots powered by ExynAI, can sense and avoid obstacles, dynamically adapting to the ever-changing complexity of construction environments. To ensure the utmost safety and efficiency, the ExynPak mounts and integrates with a robot, supporting level 4 of autonomous exploration missions without requiring the robot to "learn" about its environment beforehand. A surveyor simply defines a 3D volume for a mission and the integrated robotic solution handles the complexities of self-navigation without needing a map, GPS or wireless infrastructure. The integration of the Trimble X7 provides high-speed, high-accuracy 3D laser scanning to capture the state of the environment. The captured data can be uploaded to the Trimble Connect® collaboration platform and shared with project stakeholders for further analysis, including a comparison to Building Information Models (BIM) and previous scans to monitor quality and progress. The end result is a map of unprecedented detail and accuracy collected with minimal human intervention and risk. "Industry has been waiting for reliable and robust autonomous technology to transform difficult and dangerous activities. Exyn's technology is helping to enable a new front in human-robot collaboration. By working with preeminent leaders such as Trimble, we aim to create adaptable, state-of-the-art systems to tackle the complexities across construction and industrial environments." -Nader Elm, CEO of Exyn Technologies. About Exyn Technologies: Exyn Technologies is pioneering multi-platform robotic autonomy for complex, GPS-denied environments. The company's full-stack solution enables flexible deployment of single or multi-robots that can intelligently navigate and dynamically adapt to complex environments in real-time. For the first time, industries like mining, logistics, and construction can benefit from a single, integrated solution to capture critical and time-sensitive data in a safer, more affordable, and more efficient way. Exyn is powered by a team of experts in autonomous systems, robotics, and industrial engineering, and is a spin-out of the University of Pennsylvania's world-renowned GRASP Laboratory. The company is VC-backed and privately held, with headquarters in Philadelphia. About Trimble: Trimble is an industrial technology company transforming the way the world works by delivering solutions that enable our customers to thrive. Core technologies in positioning, modeling, connectivity and data analytics connect the digital and physical worlds to improve productivity, quality, safety, transparency and sustainability. From purpose-built products to enterprise lifecycle solutions, Trimble is transforming industries such as agriculture, construction, geospatial and transportation.

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