Atkins announces acquisition of a Texas-based oil and gas specialist Houston Offshore Engineering
Atkins has announced the acquisition of a Texas-based oil and gas specialist for US$73m (拢45m).
Atkins said this morning it had acquired Houston Offshore Engineering (HOE), an oil and gas offshore engineering business based in Houston, Texas, for US$73m (拢45m).
Atkins said HOE has specialist experience in the design of offshore deepwater floating production platforms with a well-established project and client base in the international oil and gas market.
In the year to 31 December 2013, HOE reported revenue of US$41m (拢25m) and employs around 150 people.
Uwe Krueger, Atkins chief executive said: 鈥淭his acquisition considerably strengthens Atkins鈥� position in the active oil and gas design and engineering market and is in line with our strategy to invest in growing our energy business, our key sector focus area.鈥�
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