WorleyParsons has announced the completion of the strategic acquisition of M+W Group’s Ludwigshafen and Schwarzheide offices in Germany. The acquired business provides engineering services, supporting the world scale facilities of the chemical companies in the Ludwigshafen and Schwarzheide areas. These services include feasibility studies and concept development, engineering, project and construction management.
WorleyParsons’ current operations in Ludwigshafen and the newly acquired offices will be combined into a single business. Approximately 50 staff are employed in the acquired offices. The acquisition will be funded using existing funds.
“The acquisition of the chemicals business represents another step in WorleyParsons’ strategic growth objective of establishing a strong presence in the European chemicals sector” said Andrew Wood, CEO of WorleyParsons.
Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/09042018/worleyparsons-acquires-mw-group-offices/