Foster Wheeler (FWLT) Acquires Upstream Consultant Ingen Ideas

June 11, 2013 7:31 AM EDT
Foster Wheeler AG (Nasdaq: FWLT) has acquired Ingen Ideas, a privately held upstream consultancy company located in Aberdeen, UK.

Ingen specializes in field development and project decision support, focused on the evaluation and implementation of oil and gas field developments covering greenfield and brownfield assets. Ingen's expertise includes field development, process engineering including subsea and topsides design, flow assurance, enhanced oil and gas recovery, carbon management and petroleum engineering.

Ingen will become part of Foster Wheeler's EMEA (Europe, Middle East, Africa) Upstream operations, which already has operations in Woking, Reading, Glasgow and Hull, all in the UK.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Mergers and Acquisitions