Kentz Corp. Acquires South Africa-Based RNE Engineering For US$10MM

Transaction Type
Sellers
Buyers
Announce Date
Post Date
Close Date
Estimated Price
$10.0MM
Description

Acquired privately held South African engineering and design firm .

Kentz Corp. Ltd., London, (London AIM: KENZ) has acquired privately held, South Africa-based RNE Engineering and Projects Ltd. for approximately US$10 million

RNE is a project management, engineering and design services firm serving the energy industry in South Africa. Kentz Corp., the holding company of the Kentz Engineering and Construction Group, says the new partnership will support its growth in South Africa, including applying for engineering, procurement and construction (EPC) contracts.

Kentz chief executive Hugh O'Donnell says, "RNE has built an impressive market presence in the oil, gas, petrochemicals, metals and mining market sectors in South Africa. By bringing the experience of RNE together with Kentz's presence in a broader number of sectors we are now well positioned to offer an expanded range of niche EPC solutions to a wider client base throughout southern Africa."