StockMarketWire.com - Petrofac, the oil & gas service provider, has acquired the entire share capital of KW Limited (KW).
Based in Fetcham, near Woking, with an office in Aberdeen, KW is a high-end subsea pipeline consulting and engineering services business with an established reputation in the subsea pipeline market.
As at 31 March 2011, KW had gross assets of £2.7 million. The business and its 56 employees will become part of Petrofac's Engineering & Consulting Services business.
At 10:14am: (LON:PFC) share price was 0p at 1552p
Story provided by StockMarketWire.com
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