SENER Takeover of Mexican Firm III, S.A. de C.V.

Friday, May 07, 2010

In 2007, SENER President, Jorge Sendagorta, signed with III General Manager, Eduardo Bosque, the purchase agreement of the 40% of III, with the compromise of acquiring 100% of the Mexican engineering company in 2010. Since then, SENER and III have been consolidating their relationship until they have culminated this operation with the constitution of the new company III Grupo SENER.

The purchase of the 100% of III by the Spanish engineering company SENER closes a process that began in March 2005, when both companies signed a strategic alliance. By virtue of this alliance, SENER entered the Mexican market with one of the country's main engineering companies, while also promoting III's capacity to contract turnkey projects.

Since then, major joint projects have been implemented in the Power and Process Sector, such as the development of the engineering work for combined cycle plants, turnkey projects, as well as Refinery, Gas and Petrochemical projects. The activities developed by III also encompass projects in the mining-metallurgy field, with important work carried out for AUSENCO and MITTAL.

In addition to activities in the area of Power and Process, SENER has participated in projects in Mexico in the Civil Engineering and Architecture sector, in roads, airports, suburban railways and metros, being some of its main clients: SCT, OHL, FCC, ISOLUX, Grupo Aeroportuario Pacífico (GAP), Fideicomiso de Apoyo al Rescate de Autopistas Concesionadas (FARAC), and Casas Geo, among others. Likewise, it has taken part in transport planification and architecture projects.
 

Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Commodity Giant Steps out of the Shadows

A detailed new case study scrutinizing the risk-management Swiss-based Trafigura is the latest effort to "demystify" the once-secretive commodity trading industry,

Blackstone Unlikely to Enter Commodities Trade

Blackstone exec doesn't expect move into commodities in near term Blackstone Group LP is unlikely to make a foray into commodity trading in the short term as

Cargill to Buy 100,000mt of Certified Ivorian Cocoa

U.S. agribusiness trader Cargill aims to purchase 100,000 metric tons of certified Ivorian cocoa this season, up slightly from 95,000 metric tons last season, West

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Navigation Offshore Oil Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1143 sec (9 req/sec)