Australia-listed engineering firm, Worley Group Limited, said it has signed an agreement to acquire Houston, Texas-based Parsons E&C Corporation for US$245 million. The acquisition price represents an historical EBITDA (earnings before interest tax depreciation and amortisation) multiple of 6.9 times for the year ended December 31, 2003) and is expected to be earnings per share…
AUSTRALIA: Worley acquires Parsons E&C to forge leading global service provider
Posted on October 11, 2004 by EnergyAsia