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


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