Market Overview

Furmanite Corporation Acquires Self Leveling Machining Technology

Furmanite Corporation (NYSE: FRM) today announced the expansion of its global on-site machining capabilities through the acquisition of Self Leveling Machines Pty Ltd. and Self Leveling Machines, Inc., based in Melbourne, Australia, and Houston, Texas.

SLM is a recognized world leader in large scale on-site machining with capability to perform up to 100 foot diameter cuts at machine shop accuracy through its patented Self Leveling Technology. SLM provides engineering, fabrication and execution of highly-specialized machining solutions for large-scale equipment or operations, generating annual revenues of $7 million.

Posted-In: News M&A

 

Most Popular

Related Articles (FRM)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free