Aegion Corporation(AEGN)- NASDAQ
  • Jun. 26, 2013, 11:38 AM

    Aegion (AEGN -1.3%) has sold its 50% interest in Insituform Rohrsanierungstechniken GmbH to the Danish company Per Aarsleff A/S, for €14M, or about $18.3M. The company was already jointly owned with Aarsleff. In connection with the sale, Insituform-Germany enters into a product supply agreement with AEGN to purchase on an annual basis at least $3.6M of felt cured-in-place pipe liners during a two-year period from June, 2013 to June, 2015.

    | Jun. 26, 2013, 11:38 AM
  • Jun. 25, 2013, 9:24 AM

    Aegion (AEGN) agrees to acquire Brinderson L.P. for $150M, a deal that opens up the pipeline rehabilitation company to a new end market for the maintenance of upstream and downstream facilities. AEGN maintains its 2013 EPS guidance at $1.60-$1.80; sees 2013 return on invested capital of 7%-8%, lower than previous guidance.

    | Jun. 25, 2013, 9:24 AM
Company Description
Aegion Corp. engages in the provision of infrastructure protection, proprietary technologies and services. It operates through three segments: Infrastructure Solutions, Corrosion Protection and Energy Services. The Infrastructure Solutions segment provides infrastructure rehabilitation and... More
Industry: Heavy Construction
Country: United States