IHS Chemical Week

World News and Views :: Top of the News

Foster Wheeler acquires South African engineering firm

1:54 AM MDT | March 13, 2014 | Natasha Alperowicz

Foster Wheeler announced today that it has entered into a an agreement with MDM Engineering Group (Johannesburg) 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 is subject to MDM Engineering shareholder approval and other closing conditions.   “MDM Engineering is a strong fit for Foster Wheeler’s minerals and metals strategy to enhance global capability and capacity,” says Kent Masters, Foster Wheeler’s CEO. MDM Engineering Group...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Not an IHS Chemical Week subscriber yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine a year in print or digital format
  • Real time news and analysis on chemweek.com 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now


contact us | about us | privacy policy | sitemap

ihsCopyright © IHS, Inc.All rights reserved.Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa