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Kentz Corporation Limited ("Kentz", the "Company")
Completion of Acquisition of Valerus Field Solutions
London, 3 January 2014 - Kentz Corporation Limited (LSE: KENZ), the holding company of the Kentz engineering and construction group, is pleased to announce that the acquisition of Valerus Field Solutions completed today.
Ends
For further information see the Kentz websitewww.Kentz.comor contact:
Kentz Corporation Limited Investors: Ronan Tyrrell | +44 (0)20 3159 4004 investors@Kentz.com |
Media: Paul Youens | +44 (0)20 3159 4003 communications@Kentz.com |
Investec Bank plc (Financial Adviser and Sponsor) Chris Sim Duncan Williamson George Price Symmie Swil | +44 (0)20 7597 5970 |
Tavistock Communications (Public Relations) Simon Hudson Mike Bartlett Emily Fenton | +44 (0)20 7920 3150 |
About Kentz
Kentz is a global engineering specialist solutions provider, which serves a blue-chip client base in the oil and gas, petrochemical and mining and metals sectors. It is listed on the London Stock Exchange (symbol: KENZ). In the year ended December 2012, the company generated revenues of US$1.56 billion and profit before tax of US$104.8 million.
Kentz has over 14,500 employees in 30 countries. Its three main business lines are; engineering, procurement and construction (EPC) services; construction; and technical support services. Kentz delivers mechanical, electrical, controls and instrumentation engineering, construction and management services safely and on time throughout the world, including in some of the most remote locations on earth.
Investec Bank plc, which is authorised in the United Kingdom by the PRA and regulated by the FCA and the PRA, is acting exclusively for Kentz as sponsor, financial adviser and broker in connection with the Acquisition and no one else in connection with the Acquisition and will not be responsible to anyone other than Kentz for providing the protections afforded to its clients or for providing advice in connection with the Acquisition or any matters or arrangements referred to or contained in this document.
This information is provided by RNS
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