Oil & Gas Equipment & Services M&A » By The Online Investor Staff, updated Thu., Apr. 18, 10:18 PM
Recent mergers and acquisitions in the Oil & Gas Equipment & Services M&A category.
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Slide #57. Furmanite Corporation — Certain professional service assets of ENGlobal Corporation's Gulf Coast Operations
Acquirer:
Furmanite Corporation (FRM)
Acquiree:
Certain professional service assets of ENGlobal Corporation's Gulf Coast Operations (ENG)
Details:
Furmanite Corporation (NYSE:FRM) today announced that it has completed the acquisition of certain professional service assets of ENGlobal Corporation's (NASDAQ:ENG) Gulf Coast Operations. The completion of the transaction follows Furmanite's July 16th announcement that it had entered into an agreement to acquire certain assets of the business.
Furmanite, together with its subsidiaries, operates through two segments. The Technical Services segment provides services such as leak sealing, hot tapping, line stopping, line isolation, composite repair, valve testing and non-destructive testing and inspection services, as well as on-site machining, heat treatment, bolting, valve repair and non-destructive testing and inspection services. The Engineering & Project Solutions segment provides project planning, professional engineering, downstream non-destructive testing and inspection, construction management, mechanical integrity, field support, and plant asset management services, as well as inspection and project management services.
Open the FRM Page at The Online Investor »
Furmanite, together with its subsidiaries, operates through two segments. The Technical Services segment provides services such as leak sealing, hot tapping, line stopping, line isolation, composite repair, valve testing and non-destructive testing and inspection services, as well as on-site machining, heat treatment, bolting, valve repair and non-destructive testing and inspection services. The Engineering & Project Solutions segment provides project planning, professional engineering, downstream non-destructive testing and inspection, construction management, mechanical integrity, field support, and plant asset management services, as well as inspection and project management services.
Open the ENG Page at The Online Investor »
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