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Babcock International Group PLC Announces Acquisition of LGE Process From Weir Group Plc


Wednesday, 2 Jan 2013 03:37am EST 

Babcock International Group PLC announced that it has acquired LGE Process (LGE) from The Weir Group PLC for an enterprise value of GBP23 million. LGE, based in Edinburgh, designs and builds plants for the processing, storage and handling of liquid gases and is in the supply of these solutions to the marine and onshore liquid gas sectors. LGE will be combined with Babcock's Design Services (DS) business unit, within the Marine and Technology division. 

Company Quote

2250.0
-14.0 -0.62%
24 Oct 2014