Foster Wheeler USA completes OPE Holdings asset acquisition

Offshore staff

ZUG, Switzerland -- Foster Wheeler USA Corp. has completed the acquisition of the assets of OPE Holdings' offshore engineering division.

"This acquisition is part of Foster Wheeler's strategic objective to increase its capabilities in upstream oil and gas," says W. Troy Roder, president and CEO of Foster Wheeler USA Corp. "The transaction broadens the product offering of our Houston office and boosts the capacity of that office by almost 10%."

Foster Wheeler did not disclose the terms of the transaction.

04/01/2009