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.
The Plant Technology business area is focused on specialized and large-scale plant construction. With over 13,000 employees and sales of 4 billion euros in fiscal year 2010/2011 it offers its customers first-class processes and guarantees maximum productivity and profitability for the operators of industrial plants. Plant Technology is a global player in specialized and large-scale plant engineering. Subsidiaries and international partnerships offer its customers complete engineering know-how - globally and locally.