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Slide #71. Foster Wheeler AG — Ingen Ideas
Foster Wheeler AG (FWLT)
Foster Wheeler AG (NASDAQ:FWLT) announced today that it has acquired Ingen Ideas ("Ingen"), a privately held upstream consultancy company located in Aberdeen, UK.
Foster Wheeler operates through two business groups: Global Engineering and Construction Group, which designs, engineers and constructs onshore and offshore upstream oil and gas processing facilities, natural gas liquefaction, facilities and receiving terminals, gas-to-liquids facilities, oil refining, chemical and petrochemical, pharmaceutical and biotechnology facilities and related infrastructure; and Global Power Group, which designs, manufactures and installs steam generators and auxiliary equipment for electric power generating stations, district heating and power plants and industrial facilities.
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Hold (2.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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