1st Oct 2014 06:32
LONDON (Alliance News) - WS Atkins PLC Wednesday said it has agreed a deal to buy Houston Offshore Engineering LLC for USD73 million.
The Houston, Texas-based company reported revenue of USD41 million in the year to December 31, the FTSE 250-listed group said, and has around 150 employees. Atkins said Houston Offshore has specialist experience in the design of offshore deepwater floating production platforms.
"This acquisition considerably strengthens Atkins' position in the active oil and gas design and engineering market and is in line with our strategy to invest in growing our energy business, our key sector focus area," said Atkins Chief Executive Officer Uwe Krueger.
By Sam Unsted; [email protected]; @SamUAtAlliance
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