Foster Wheeler to buy MDM Engineering for $109M

|By:, SA News Editor

Foster Wheeler (FWLT) agrees to acquire South Africa-based MDM Engineering Group for $109M as it continues to grow through acquisitions.

MDM performs preliminary and final feasibility studies as well as plant design, construction and commissioning, which FWLT says is a strong fit for the company that enhances its global capacity in its minerals and metals business.