KBR acquires Chematur’s engineering subsidiaries
Technology

KBR acquires Chematur’s engineering subsidiaries

The transaction price is $24.5M, subject to working capital adjustments.

  • By ICN Bureau | January 13, 2016

KBR announced today it has acquired Weatherly Inc. (Weatherly), Plinke GmbH (Plinke), and Chematur Ecoplanning Oy (Ecoplanning) from Chematur Technologies AB, owned by Connell Chemical.

"Through these acquisitions, KBR can more fully serve our clients' fertilizer complex solution requirements, as well as expanding our consulting and technical services to improve plant performance throughout the plant's lifecycle. KBR's ammonia and Weatherly's fertilizer capabilities result in a powerful combination of industry-leading technologies and Plinke and Ecoplanning enhance the scope pf KBR's technology solutions across expanded platforms. KBR sees great opportunity to extend these technologies outside North America to new customers and in revamping units of the existing customer base globally, leveraging KBR's global sales team and EPC capabilities," said Stuart Bradie, President and CEO of KBR.

"We chose these companies, all with over 50 years of experience and hundreds of plants worldwide, based on their track record of superior performance, market reputation, unique technologies, and proven delivery capability to augment KBR's existing technologies and extend our scope in markets we now serve and beyond. We are pleased to add these technologies and capabilities, as well as the talented staff who will manage them for us within our global portfolio," continued Bradie.

The transaction price is $24.5M, subject to working capital adjustments.

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