Company News, 2012-07-04, 10:00 AM
ThyssenKrupp strengthens engineering capabilities with acquisition of Energy & Power Global Limited
ThyssenKrupp Uhde has acquired the UK company Energy & Power Global Limited headquartered in London effective July 2, 2012. Energy & Power is an engineering consultancy with clients worldwide in the oil, gas and energy industries. The acquisition strengthens ThyssenKrupp’s chemical engineering capabilities in the global oil and gas business: Energy & Power provides engineering services to support project development, from screening to sanction to delivery, and will be an important addition to ThyssenKrupp’s global network of companies serving the chemical process industries.
The acquisition is part of the strategic development program adopted by ThyssenKrupp AG in May 2011 and is a further step in the systematic expansion of the Group’s technology business: “The acquisition of Energy & Power further expands our portfolio in the acquisition and delivery of engineering projects for the industry and enables us to provide our customers with even greater advantages in the marketplace,” says Dr. Niclas Müller, CEO of the Plant Technology business area of ThyssenKrupp AG.