(MENAFN) Amec, a British oil and gas engineering company, is to acquire Swiss-based Foster Wheeler in a USD3.13 billion deal, The Peninsula Qatar reported
Amec has stated that the acquisition, the first sizable one in the sector in three years, would help it to more than double revenues in growing markets
The company said that the acquisition would also add oil and gas transport and refining capabilities to its portfolio that includes mining, nuclear and renewable energy services
Amec's Chief Executive said: "The combination of our two businesses, Amec and Foster Wheeler, would be financially and strategically attractive.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.