Technip Acquires Shaw's Stone & Webster

摘要

Technip has agreed to acquire Stone & Webster process technologies and the associated oil and gas engineering capabilities from The Shaw Group for ?225-million.Stone & Webster operates from five main locations with a particularly strong presence in the U.S. (Houston along with Cambridge and Weymouth, Mass.), in the U.K. (Milton Keynes) and in India (Mumbai). Other sites remain with Shaw, which will also retain all legacy EPC contracts.Technip said the acquired business generates revenues from technology licensing, process design engineering, early-stage and front-end engineering, PMC and the supply of equipment.