Foster Wheeler acquires Canadian EPC management firm

Foster Wheeler acquires Canadian EPC management firm

9:08 AM, 29th November 2012
Foster Wheeler acquires Canadian EPC management firm
J Kent Masters, Chief Executive Officer, Foster Wheeler AG.

ZUG, SWITZERLAND: Foster Wheeler AG has acquired Three Streams Engineering Ltd, a privately held engineering company located in Calgary, Canada. Three Streams is a multi-discipline full service engineering, procurement, and construction management company with upstream and downstream projects located in Western Canada. It has approximately 450 employees.

“The acquisition of Three Streams is part of our stated strategy to grow the upstream capabilities and geographic footprint of our Global Engineering and Construction group. Additionally, with Three Streams, we have taken a step to increase our presence in the Canadian SAGD market,” said J Kent Masters, Chief Executive Officer, Foster Wheeler AG.

“We are excited about the opportunities that this acquisition brings us in Canada. The combination of talents from the two companies gives us a very strong team in that market,” said Masters.

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