An indirect wholly owned subsidiary of Foster Wheeler has completed the acquisition of MDM Engineering Group (MDM) on terms consistent with the merger implementation agreement entered into on March 12, 2014. MDM is a South Africa-based provider of services from feasibility studies through to the engineering, procurement and construction phase. MDM will become part of the Minerals and Metals group within Foster Wheeler.
âThis acquisition is part of our strategy to continue to enhance our global capability and capacity in the minerals and metals market. It provides a platform for growth in Africa, one of the fastest growing mining regions in the world, and in other regions, and we look forward to working with the MDM team to achieve our growth objectivesâ?, said J. Kent Masters, CEO, Foster Wheeler.