Ausenco Limited
(ASX:AAX) says it’s acquired all of Reaction Consulting Incorporated and is expecting revenues of between $5 million and $7 million from the purchase.
Reaction Consulting is a Canadian-based specialist provider of engineering services in the bitumen and oil sands sectors.
Ausenco’s chief executive Zimi Meka says the purchase will enhance Ausenco’s energy portfolio.
Reaction staff are being integrated into Ausenco’s energy business line immediately.
Ausenco posted a net profit of $7.7 million in the first six months of 2011.