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Slide #66. Aegion Corporation — Brinderson, L.P.
Aegion Corporation (NASDAQ:AEGN)
Aegion Corporation (Nasdaq Global Select Market: AEGN) today announced the execution of a definitive agreement to acquire the equity shares of Brinderson, L.P. and related entities for a purchase price of $150 million. The Company expects to close the acquisition on or around July 1, 2013.
Aegion is a holding company. Through its subsidiaries, Co. provides solutions to rehabilitate aging infrastructure, pipelines in the wastewater, water, energy, mining and refining industries. Co.'s segments are: Infrastructure Solutions, which includes Insituform® cured-in-place pipe, the Tyfo® system and Fusible PVC® pipe products; Corrosion Protection, which has a portfolio of technologies, products and services to protect, maintain, rehabilitate, assess and monitor pipelines from the effects of corrosion, including cathodic protection and interior pipe linings; and Energy Services, which provides maintenance, construction, turnaround and specialty services at customers' refineries.
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Hold (2.00 out of 4)