Foster Wheeler completes Atlas Engineering asset acquisition

Foster Wheeler has acquired a majority of Atlas Engineering’s assets.

Oct 29th, 2009

Offshore staff

ZUG, Switzerland -- Foster Wheeler has acquired a majority of Atlas Engineering’s assets. Houston-based Atlas focuses on engineering design, project, and construction management services for upstream oil and natural gas production and processing.

“This acquisition represents yet another building block in our ongoing objective to increase our technical capabilities in the upstream oil and gas business, and to develop a stronger and expanded global platform to serve this market,” says Umberto della Sala, president and COO of Foster Wheeler AG. “With its focus on ‘top-side’ design and engineering, Atlas offers a natural complement to the subsea/pipeline expertise we gained with the first-quarter acquisition of the offshore engineering division of OPE Holdings.”

10/29/2009

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