Foster Wheeler acquires Mexican power plant developer

Foster Wheeler acquires NorthAm Engineering SA DE CV Mexico

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.”

Read more mergers and acquisitions news

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...