December 9, 2013 / 7:20 AM / 4 years ago

Kentz says acquiring U.S.-based Valerus

1 Min Read

LONDON, Dec 9 (Reuters) - British engineer Kentz said on Monday it had agreed to acquire U.S.-based Valerus field solutions for $435 million in cash, to expand its engineering capability and presence in Latin America.

Valerus made core earnings (EBITDA) of $51.5 million on revenue of $492.9 million last year, Kentz said in the statement.

The firm added the acquisition was expected to be earnings enhancing within the first full financial year of ownership.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below