Foster Wheeler AG (Nasdaq: FWLT) acquired NorthAm Engineering S.A. DE CV (NorthAm), a privately held engineering and project management company in Monterrey, Mexico.
NorthAm is one of the largest Mexican engineering and project management companies and has approximately 400 employees.
“The acquisition of NorthAm is part of our stated strategy to grow our upstream capabilities and the geographic footprint of our Global Engineering and Construction Group,” said Kent Masters, chief executive officer for Foster Wheeler AG. “With NorthAm’s excellent reputation and strong relationships with key Mexican clients, this acquisition significantly strengthens our position in the growing Mexican market.”
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