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ENOIA takes over India's Babcock Borsig Softech.

MANews-(C)2009-2013

18 June 2013 - Dutch engineering firm ENOIA BV, part of Future Group Holdings SA SPF, said today it had purchased Indian multidisciplinary design and detailed engineering consultancy Babcock Borsig Softech Private Ltd (BBSPL) for an undisclosed sum.

The acquisition of BBSPL, which boasts a record of sound performance, a talented team and robust engineering capabilities, will enable ENOIA to further diversify its services and drive greater growth in its engineering operations, ENOIA managing director George Paidoussis said.

BBSPL is based in Chennai and has a team of more than 100 engineers. The company serves oil and gas, process and power sectors, offsites and utilities, civil and structural infrastructure, manufacturing and automotive based projects.Country: IndiaSector: Business and Consumer Services, Construction/Real EstateTarget: Babcock Borsig Softech Private Limited Buyer: Future Group Holdings SA SPF, ENOIA BVType: Corporate acquisitionStatus: Closed

.END.PUB430>PDJune 18, 2013>JNMANEWS.PRICEDATENOT APPLICABLE.DAY

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Publication:M & A Navigator
Geographic Code:9INDI
Date:Jun 18, 2013
Words:150
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