Foster Wheeler Acquires Mexican NorthAm

Foster Wheeler AG announced it has acquired NorthAm Engineering S.A. DE CV (NorthAm), a privately held engineering company located in Monterrey, Mexico.

NorthAm is one of the largest Mexican engineering and project management companies, with a track record in upstream, offshore and onshore, downstream and power projects. With its main operations in Monterrey, Mexico City and Poza Rica, the company 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 of 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. In addition, it provides an excellent platform from which to further expand our business in the wider Latin American market."


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Business Development Manager
Expertise: Business Development|Construction Manager|Sales
Location: West Sacramento, CA
Business Development Manager
Expertise: Business Development|Construction Manager|Sales
Location: Denver, CO
Project Manager
Expertise: Engineering Manager|Project Engineer
Location: Columbia, SC
search for more jobs

Brent Crude Oil : $50.79/BBL 1.30%
Light Crude Oil : $49.96/BBL 1.10%
Natural Gas : $2.77/MMBtu 2.12%
Updated in last 24 hours