Construction M&A » By The Online Investor Staff, updated Sun., Jul. 3, 3:57 PM
Recent mergers and acquisitions in the Construction M&A category.
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Slide #96. AMECO — ServiTrade
Acquirer:
AMECO (NYSE:FLR)
Acquiree:
ServiTrade
Details:
Fluor Corporation announced that AMECO, a unit of Fluor, has acquired ServiTrade, a Mozambique-based construction equipment rental and project services company. ServiTrade provides fully operated and maintained equipment, camp services, transportation, and batch plant services to the infrastructure, mining, natural gas and power industries with an execution model aligned with AMECO's. Financial terms of the acquisition were not disclosed.
Fluor is a holding company. Through its subsidiaries, Co. provides engineering, procurement, construction, fabrication and modularization, operations, maintenance and asset integrity, and project management services. Co. serves a set of industries including oil and gas, chemicals and petrochemicals, mining and metals, infrastructure, life sciences, manufacturing and technologies. Co. is also a service provider to the U.S. federal government and governments abroad; and, it performs operations, maintenance and asset integrity activities for industrial clients. Co.'s segments include: Energy and Chemicals; Mining and Industrial; Infrastructure and Power; Government; and Diversified Services.
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Avg. Broker Rec.
 
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Hold (2.40 out of 4) 0th percentile
(ranked lower than approx. 100% of all stocks covered)
Analysts' Target Price: FLR Stock Forecast Based on Zacks ABR data; powered by Xignite |
