CLOUGH, the Australia-based subsidiary of South African engineering and construction services company Murray & Roberts, has acquired a US-based LNG engineering and consulting services firm for US$5 million.
Based in Maryland, CH-IV has worked on the majority of LNG projects sanctioned in the region in recent years, Clough said in an announcement.
The company delivers services ranging from feasibility studies through to operations support.
Clough chief executive Kevin Gallagher said the acquisition gave Clough an opportunity to enhance its current range of services for LNG engineering, jetties and terminals, commissioning and brownfields scopes of work.
“This is a strategically significant acquisition which provides a platform to enter the North American LNG market, and the attainment of highly specialised LNG skills that can complement Clough’s LNG service offering globally,” he said.
CH-IV’s founder and chief executive Jeff Beale said he was excited about the opportunities this transaction would bring.
“The Clough and CH-IV union combines complementary skills and resources that will significantly enhance our service offering for LNG clients,” he said.
“CH-IV now has the required support to offer our niche engineering and consulting services to previously untapped markets, both locally and globally.”