Announced
Financials
Sources
Tags
engineering consultancy
United States
Friendly
Engineering Consulting
Majority
Pending
Private
Cross Border
Acquisition
Single Bidder
Synopsis
RINA, a certification company, agreed to acquire Patrick Engineering, a national engineering & design, construction, management services, and technology firm. Financial terms were not disclosed. "The acquisition of Patrick Engineering and the combined expertise of the new organization represents a unique opportunity for expansion and growth in the thriving North American Infrastructure market. It establishes an excellent platform not only in this sector, but also to grow all RINA's businesses to make the US one of RINA's main hubs. RINA will gain leverage to export its highly specialized competencies in materials, lab testing and innovative technology," Ugo Salerno, RINA Chairman and CEO.
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