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Foster Wheeler AG
FWLT announced today that it 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 the geographic footprint of our Global
Engineering and Construction Group,” said Kent Masters, Chief Executive
Officer of Foster Wheeler AG. “Additionally, with Three Streams, we have
taken a step to increase our presence in the Canadian SAGD market.”
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