CH2M HILL Acquires Lockwood Greene.Business Editors DENVER--(BUSINESS WIRE)--Dec. 10, 2003 CH2M HILL CH2M HILL is a global provider of engineering, construction, and operations services for corporations, nonprofits, and federal, state, and local governments with regional offices worldwide. , a global engineering and construction company, with headquarters in Denver, Colo., has acquired Lockwood Greene for $95.5 million. Based in Spartanburg, S.C., Lockwood Greene is a major engineering and construction firm focused on national and multinational industrial and power clients worldwide. The acquisition is expected to become final on December 12, 2003. "Through this acquisition CH2M HILL and Lockwood Greene's combined strengths and capabilities will lead to a continued and expanded delivery of engineering and construction excellence on any project of any size, worldwide," said Ralph Peterson, CH2M HILL chairman, president, and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "As a well-established player in the chemical, pharmaceutical, food and beverage F&B is a common abbreviation in the United States and Commonwealth countries, including Hong Kong. F&B is typically the widely accepted abbreviation for "Food and Beverage," which is the sector/industry that specializes in the conceptualization, the making of, and delivery of foods. , advanced manufacturing, and power industries, Lockwood Greene is a natural and strategic fit with CH2M HILL." Lockwood Greene has been in operation since 1832, making it the oldest, continuously operating professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. firm in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . With approximately $600 million in revenues, Lockwood Greene's current operation employs 2,500 professionals. "We are enthusiastic about the enormous potential that can be realized from this strategic alignment," said Fred Brune, president and CEO of Lockwood Greene. "CH2M HILL is a proven company whose strategy, focus, and culture are strongly linked to our own. Together we will create a dynamic new force in the global industrial marketplace." Lockwood Greene focuses on industrial markets in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. , Europe, and Asia-Pacific. Key clients include Fortune 100 and global multi-national industrial and power corporations. For additional information on Lockwood Greene, visit www.lg.com. CH2M HILL is an employee-owned, global firm providing engineering, construction, operations, major project management and related technical services to public and private clients worldwide. The firm is recognized for its work in the areas of industrial facilities, energy, environment, nuclear services, water, transportation, and communications infrastructure. With 2002 revenues of $2.4 billion, CH2M HILL has more than 11,000 employees working in 165 offices worldwide. For more information on CH2M HILL, visit www.ch2mhill.com. |
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