Construction M&A » By The Online Investor Staff, updated Wed., Apr. 17, 11:56 PM
Recent mergers and acquisitions in the Construction M&A category.
Slide #21. Foster Wheeler — MDM Engineering Group Limited
Acquirer: |
Foster Wheeler (FWLT) |
Acquiree: |
MDM Engineering Group Limited |
Details: |
Foster Wheeler AG (NASDAQ:FWLT) ("Foster Wheeler" or the "Company") announced today that an indirect wholly owned subsidiary of the Company has entered into a merger implementation agreement ("MIA") with MDM Engineering Group Limited (AIM:MDM) ("MDM Engineering") to acquire all of the ordinary shares and options in issue of MDM Engineering in a cash transaction valued at approximately $109 million (the "Transaction"). |
Foster Wheeler operates through two business groups: Global Engineering and Construction Group, which designs, engineers and constructs onshore and offshore upstream oil and gas processing facilities, natural gas liquefaction, facilities and receiving terminals, gas-to-liquids facilities, oil refining, chemical and petrochemical, pharmaceutical and biotechnology facilities and related infrastructure; and Global Power Group, which designs, manufactures and installs steam generators and auxiliary equipment for electric power generating stations, district heating and power plants and industrial facilities.
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April 17, 2024 11:56 PM Eastern
Hold (2.00 out of 4)
100th percentile
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