WorleyParsons
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| WorleyParsons Limited | |
 |
|
| Type | Public ASX: WOR |
|---|---|
| Founded | 1987, but dating back to 1971 |
| Headquarters |  Australia |
| Key people | Mr Ron McNeilly (Chairman, Non Exec. Director) Mr John Grill (Executive Director, CEO) |
| Industry | Energy |
| Products | Services |
| Revenue | AU$2,397m |
| Employees | 14,300 at 01 Feb 2007 |
| Slogan | "When experience counts" |
| Website | www.worleyparsons.com |
WorleyParsons Limited ASX: WOR is a large Australian provider of professional services to the energy, resource, and complex process industries.
The company has a market capitalisation greater than AU$4 billion, and makes up 0.29% of the S&P/ASX 200 index.
In January 2007 WorleyParsons acquired 100% of Sea Engineering; with this acquisition Worley Parsons has added a greater capability in the hydrocarbon market.[1]
On February 7, 2007, WorleyParsons announced an agreement to acquire the privately-owned Colt Companies [2] based in Calgary, Alberta for A$1.13 billion (US$880 million) to gain increased access to Canada's oil sands industry. WorleyParsons shareholders will vote on the issue of shares to fund the acquisition on April 2, 2007. If approved by Canadian regulatory authorities, the acquisition (Colt currently has 4,600 staff) will bring the total personnel of WorleyParsons worldwide to over 20,000, with about 5,800 in Canada. The current president of Colt, Larry Benke, will lead the Canadian organisation, reporting to WorleyParsons CEO John Grill.[3]
[edit] References
- ^ "WorleyParsons buys SEA Engineering".
- ^ http://www.colteng.com
- ^ Angela Macdonald-Smith. "WorleyParsons to Buy Colt for A$1.13 Billion (Update3)", Bloomberg L.P., 2007-02-08. Retrieved on February 10, 2007.
[edit] External links
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