ESO Blog

Wednesday, February 6, 2008

Ausenco Limited (ASX: AAX) Acquires PSI To Expand Into Process Infrastructure Sector

Ausenco Limited (ASX: AAX) Acquires PSI To Expand Into Process Infrastructure Sector

Brisbane, Feb 5, 2008 - Global engineering services provider Ausenco Limited today announced that it has agreed to acquire the Pipeline Systems Incorporated group.

PSI is a multi-discipline engineering services business with the leading global position in the design and delivery of slurry pipeline transport systems (including long distance slurry pipelines and tailings disposal systems). PSI provides its clients with innovative materials handling and control solutions in logistically challenging environments.

The acquisition complements Ausenco's mining and minerals processing engineering services business and provides diversification into the process infrastructure engineering sector.

Full press release here