Hydrocarbon Processing Copying and distributing are prohibited without permission of the publisher
Email a friend
  • Please enter a maximum of 5 recipients. Use ; to separate more than one email address.



Foster Wheeler to buy South Africa management firm MDM Engineering

03.13.2014  | 

Founded in 2006, MDM Engineering provides a wide range of services from preliminary and final feasibility studies, through to plant design, construction and commissioning. The firm has about 280 employees.

Keywords:

Foster Wheeler has entered into a merger implementation agreement with 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 deal 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," said Kent Masters, Foster Wheeler CEO.

Based in South Africa, MDM Engineering is a minerals process and project management company focused on the mining industry. 

Founded in 2006, the company provides a wide range of services from preliminary and final feasibility studies, through to plant design, construction and commissioning. The company has approximately 280 employees.



Have your say
  • All comments are subject to editorial review.
    All fields are compulsory.

Related articles

FEATURED EVENT


Sign-up for the Free Daily HP Enewsletter!

Boxscore Database

A searchable database of project activity in the global hydrocarbon processing industry

Poll

Will previously-planned downstream investments be cut back in 2015 due to lower global oil prices?


57%

11%

33%




View previous results

Popular Searches

Please read our Term and Conditions and Privacy Policy before using the site. All material subject to strictly enforced copyright laws.
© 2014 Hydrocarbon Processing. © 2014 Gulf Publishing Company.