Professional Services news

Aker Solutions has received a letter of intent from Statoil for the engineering, procurement and construction of a subsea workover system for the Vigdis North East development on the Norwegian Continental Shelf.

Irish engineering group Kentz has announced the acquisition of South African engineering services firm RNE Engineering and Projects for €7.4 million (R73 million).

France’s Technip has won a major contract from Algeria’s national oil company Sonatrach to refurbish and revamp its Algiers refinery.

Archive Systems has announced the acquisition of OmniRIM Solutions of Vancouver, British Columbia, enabling it to offer a full range of solutions for the management of physical and digital records from a single source.

Emirates Telecommunications Corporation, better known as Etisalat, has submitted a preliminary conditional offer to buy a 46 percent stake in Kuwaiti mobile telecommunications operator Zain, for $12 billion.

The stockholders of Continental Airlines and United Airlines have voted overwhelmingly in favor of the companies’ planned merger to create the world’s largest carrier.

US defense group L-1 Identity Solutions is to be sold to French rival Safran, with the UK’s BAE Systems also acquiring three of its Intelligence Services divisions, the company announced today.

Virgin Money has created 200 jobs in Edinburgh as part of its strategy to firm up its foothold in the UK banking sector.

Technical and management support services consultancy AECOM Technology Corporation has strengthened its global footprint with an agreement to acquire Davis Langdon, a UK-based cost and project management consultancy firm, in a transaction valued at US$324 million.

Chicago based insurance conglomerate Aon Corp. has agreed to buy human resources specialist Hewitt Associates for $4.9 billion in a cash-and-stock deal that will almost triple the size of its consulting arm.

HSBC is considering making a bid for South Africa’s Nedbank, majority owned by the insurance group Old Mutual, it has been reported.

URS Corporation has announced it is to buy UK design and engineering consultancy Scott Wilson Group for $242.5 million.

The French certification company Bureau Veritas has agreed to buy the commodities testing and inspection firm Inspectorate for £450 million from UK-based Inspicio, it has been announced.