Weekly merger, acquisition, deal update: October 25
Morrissey Goodale reported two deals in the United States and three international deals involving the UK, Norway, the United Arab Emirates, and Australia.
This week Morrissey Goodale reported two deals in the United States and three international deals involving the UK, Norway, the United Arab Emirates, and Australia.
Engineering, environmental services and operations firm Woodard & Curran (Portland, ME) has acquired 80-person environmental engineering and management consulting firmTREC (Bozeman, MT). TREC specializes in corrective action, environmental compliance, and site development projects. Link to details
Global energy and infrastructure consultancy RPS Group (Abingdon, Oxfordshire, UK) has entered into an agreement to acquire project management consultancy OEC (Oslo, Norway), a provider of project management services to the oil & gas, construction, real estate, manufacturing, renewable energy, transportation and healthcare sectors.
Etegra (St. Louis, MO), a facilities planning and management company with a focus on the federal sector, has acquired TeamFour Architects (St. Louis, MO). TeamFour provides architectural design services for federal and state governments, institutions and nonprofit organizations. Link to details
Engineering and construction firm Arabtec (Abu Dhabi, UAE) has acquired the remaining 45% stake in Emirates Falcon Electromechanical Company (EFECO) (Dubai, UAE), increasing Arabtec's ownership share to 100%. EFECO offers MEP engineering, installation and commissioning services to the construction industry in the Middle East. Link to details
Architecture, planning and design firm Rice Daubney (Sydney, Australia) announced that it will merge its operations with leading engineering and architecture firm HDR (Omaha, NE). The combined firm will operate as HDR | Rice Daubney. Link to details
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey