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| Australia's WorleyParsons buys Polestar Engineering services group WorleyParsons has entered into an agreement to purchase Polestar Applied Technology, Inc. in a move that will expand WorleyParsons' nuclear power capability and resources. The transaction is subject to U.S. regulatory approval and is expected to close in November 2007. The acquisition is valued at approximately US$11 million, representing an average 2006 - 2007 EBIT multiple of 5.9. Founded in 1992, with offices in the USA and the UK, Polestar provides technical planning, engineering, nuclear safety and risk analysis, and related services to commercial and government clients in the USA and abroad. Polestar's services cover all facility life-cycle phases including management and operations support and planning, security planning and testing, decommissioning planning, spent nuclear fuel storage and handling, financial and economic analyses, and communications services. write your comments about the article :: © 2007 Construction News :: home page |