BIS Group continuing to expand its US activities with the acquisition of Westcon, Inc.
Westcon’s range of activities encompasses maintenance, repairs, upgrading and full assembly of process plants primarily in the oil and gas midstream and downstream industries but also in the energy sector. Linde, Hess, Whiting Petroleum, Cargill, Tesoro and Sinclair are part of the main customers of Westcon Inc.
With the purchase of Westcon, the BIS Group is further broadening its presence in the United States. As Dr. Michael Herbermann, the CEO of the BIS Group, explains: “The acquisition of Westcon allows us to substantially strengthen our position in the US market and extend our activities to regions in which we were previously not present. It is consistent with the strategy being pursued by our parent company Bilfinger Berger SE of focusing on aquisition-driven expansion in addition to organic growth. The US is one of the target countries defined in this growth strategy.”
The BIS Group had 2,700 employees in the United States in 2011 generating revenues beyond EUR 400 million. The acquisition of Westcon, Inc. is still subject to antritrust clearance.
Most read news
Other news from the department business & finance
Get the chemical industry in your inbox
From now on, don't miss a thing: Our newsletter for the chemical industry, analytics, lab technology and process engineering brings you up to date every Tuesday and Thursday. The latest industry news, product highlights and innovations - compact and easy to understand in your inbox. Researched by us so you don't have to.