3rd Apr 2006 14:59
Atkins (WS) PLC03 April 2006 NEWS RELEASE 3 April 2006 Atkins acquisition boosts oil and gas business Atkins, Europe's largest multidisciplinary consultancy, announces theacquisition of engineering consultancy MSL Engineering Ltd from the foundingshareholders for a cash consideration of £6.8 million. MSL specialises in integrity management of offshore oil and gas installations,with significant contracts in Houston and the Gulf of Mexico. This complementsAtkins' strong position in integrity management, which traditionally has beenbiased towards the North Sea. MSL's activities have been supported by thedevelopment of a state-of-the-art software tool, known as Fleet ManagementSystem (FMS), which will be introduced to Atkins' client base. Atkins is a global leader in oil and gas integrity management and theacquisition will further expand the Group's service offering and geographiccoverage and boost its strong organic growth in this area. MSL employs approximately 70 staff with offices in Houston, Texas, Egham, Surreyand Port of Spain, Trinidad. Atkins will fully integrate MSL into its existingoil & gas business. Keith Clarke, chief executive, Atkins said: "MSL has built an outstandingreputation in managing the integrity of large fleets of offshore installations.This acquisition is an investment in both highly-skilled people and world-classtechnology that will strengthen our already strong position in the industry." Minaz Lalani, the founder and managing director of MSL Engineering, adds: "Weare delighted to be joining the Atkins team - our shared knowledge andexpertise, combined with Atkins' international reach, will enable us to drivethe business forward and achieve a premier position in the global marketplace." ENQUIRIES:Ben Thompson 01372 752154Head of press office [email protected] NOTES TO EDITORS:Atkins (www.atkinsglobal.com) plans, designs and enables the delivery of complexcapital programmes for clients in the public and private sectors across theworld. Atkins is the largest multi-disciplinary consultancy in Europe; thelargest engineering consultancy in the UK; and the fourth largest design firm inthe world. Atkins was named among the "20 Best Big Companies to Work For 2006' by TheSunday Times; 'Construction Consultant of the Year 2005' by Building; and'Consultant of the Year Major Firm 2005' by New Civil Engineer. Since 1975, Atkins' oil and gas business has been providing engineering andsupport solutions throughout the value chain, from exploration through toretail, and is actively involved in drilling, production, pipelines, terminals,LNG, gas distribution refining and filling stations. Atkins' speciality is the application of advanced analysis techniques, combinedwith practical design and operational experience. We provide support throughoutthe life cycle, from the planning and feasibility stages of a project through tocommissioning, operation, upgrade and abandonment. Ends This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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