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Parsons Completes Acquisition of CT MAIN Engenheiros

Jan 8 2013 12:00AM

Marketwire

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PASADENA, CA -- (Marketwire) -- 01/08/13 -- Parsons is pleased to announce that through its Brazilian subsidiary, Parsons do Brasil, it has completed the acquisition of privately held CT MAIN Engenheiros. On November 7, 2012, Parsons announced a definitive agreement to acquire CT MAIN Engenheiros, a leading provider of project management and engineering services to the energy and infrastructure market in Brazil. The completion of this acquisition increases Parsons' presence in Latin America and enhances the corporation's efforts in the areas of infrastructure development, power systems, pipelines, and oil and gas.

CT MAIN Engenheiros will be integrated into Parsons' Environment and Infrastructure business unit, which delivers landmark commercial projects in healthcare, life sciences, alternative fuel and energy, education and environmental remediation -- watershed, and wastewater infrastructure projects.

"We are pleased to announce that Parsons' acquisition of CT MAIN Engenheiros is complete," said Chuck Harrington, Parsons Chairman and CEO. "This acquisition greatly expands our services in several markets and provides us with a tremendous opportunity to expand our presence in Brazil and throughout Latin America."

Harrington added, "This acquisition also provides our new colleagues with the resources, management support, and access to additional customers needed to grow our shared business."

Established in 1970, CT MAIN Engenheiros has a long history of providing a wide variety of engineering and management services for industrial and infrastructure customers, including such services as electrical system studies, feasibility reports, consulting, design, construction supervision and management, and owner's engineer. CT MAIN Engenheiros is headquartered in São Paulo, Brazil, with field offices throughout the country. As part of Parsons' Environment and Infrastructure business unit, it will increase the size, scale, and capabilities of Parsons' environmental/infrastructure services.

Parsons, celebrating more than 65 years of growth in the engineering, construction, technical, and professional services industries, is a leader in many diversified markets with a focus on transportation, environmental/infrastructure, and defense/security. Parsons delivers design/design-build, program/construction management, and other professional services packaged in innovative alternative delivery methods to federal, regional, and local government agencies, as well as to private industrial customers worldwide. For more about Parsons, please visit www.parsons.com.



Source: Marketwire


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