WorleyParsons Ltd. announced the completion of the strategic acquisition of the Ludwigshafen and Schwarzheide offices of the M+W Group in Germany.
The business acquired 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, Chief Executive Officer of WorleyParsons.
By Mary Page Bailey
Source: Chemical Engineering
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