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 EVENTS





Sign-up for the Free Daily HP Enewsletter!

Boxscore Database

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

Poll

As low oil prices make naphtha cracking margins in Europe and Asia more competitive, are investments in new, ethane-based petrochemicals capacity in the US and Middle East becoming less attractive?


14%

65%

21%




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.
© 2015 Hydrocarbon Processing. © 2015 Gulf Publishing Company.