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Atkins (WS) - Acquisition.
(From AFX CNF)
RNS Number:1800P Atkins (WS) PLC 09 January 2007 Atkins announces Oil & Gas acquisition WS Atkins plc (Atkins) today announces that it has strengthened its position in the oil and gas sector by acquiring Boreas Consultants Ltd for an enterprise value of AGBP3.8 million, of which AGBP2.8 million was paid in cash, with a further AGBP1 million payable within two years. Boreas specialises in the subsea engineering of oil & gas facilities and employs 35 staff, principally in Aberdeen. The business is known within the industry for its innovative solutions in areas such as pipe buckling and corrosion protection. These issues are particularly critical in …
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