Announced
Completed
Financials
Tags
Majority
Single Bidder
engineering analysis
Cross Border
nuclear decommissioning
geospatial engineering
Engineering Consulting
Acquisition
United Kingdom
Private
Friendly
Completed
Synopsis
KBR, an engineering, construction, and services company, completed the acquisition of Frazer-Nash Consultancy, an engineering consulting company, from Babcock International Group, a British aerospace, defence and nuclear engineering services company, for £293m ($440m). “We are making real progress on our plan to streamline and focus the group on our key markets. Divesting at least £400m of businesses in our targeted disposals programme will enable us to reduce complexity and increase our focus as we return Babcock to strength. Frazer-Nash Consultancy is a good fit for KBR, and I wish them every success in growing the business further," David Lockwood, Babcock CEO.
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