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Foster Wheeler Adds to Its High Value Cost-Competitive Service Offering with Acquisition of Quotient Engineering, Inc.

Publication: Business Wire
Publication Date: 08-JUL-08 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
HAMILTON, Bermuda -- Foster Wheeler Ltd. (Nasdaq: FWLT) announced that its Houston-headquartered operating unit, Foster Wheeler USA Corporation and FWUSA's Indian subsidiary, part of its Global Engineering and Construction Group, have acquired the bulk of the assets of Quotient Engineering, Inc. ("Quotient").

Established in 2001, Quotient is a full-service engineering and design company with its management headquartered in Houston, Texas, and an engineering center in Kolkata, India. Quotient provides high-quality, low-cost services to process-based industries: petrochemicals, refining, upstream oil and gas, and power industries.

The terms of the transaction were not disclosed.

"This acquisition will enable us to accelerate the development of our high-quality, low-cost engineering capability in India. We already have well-established and significant...

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