https://www.engineeringnews.co.za

Foster Wheeler to acquire MDM Engineering

Foster Wheeler to acquire MDM Engineering

Photo by Bloomberg

13th March 2014

By: Natasha Odendaal

Creamer Media Senior Deputy Editor

  

Font size: - +

JOHANNESBURG (miningweekly.com) – Switzerland-headquartered global engineering and construction company and power equipment supplier Foster Wheeler plans to buy 100% of South Africa’s MDM Engineering for $109-million.

“MDM Engineering is a strong fit for Foster Wheeler’s minerals and metals strategy to enhance global capability and capacity,” said Foster Wheeler CEO Kent Masters in a statement on Thursday.

MDM, which has about 280 employees, is a mining industry-focused minerals processing and project management company, providing a range of services from preliminary and final feasibility studies, through to plant design, construction and commissioning.

The latest merger implementation agreement was not expected to affect Foster Wheeler’s February 13 definitive agreement with Amec regarding the possible “business combination” of the two companies.

The deal remained subject to MDM Engineering shareholder approval and various other conditions.

Edited by Creamer Media Reporter

Comments

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
Goodwin Submersible Pumps Africa (Pty) Ltd
Goodwin Submersible Pumps Africa (Pty) Ltd

Goodwin Submersible Pumps Africa is sole distributors for Goodwin electrically driven, submersible, abrasion resistance slurry pumps.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.15 0.208s - 156pq - 2rq
Subscribe Now