Ashurst has advised Babcock International Group PLC on its £23 million acquisition of LGE Process, an Edinburgh-based company that designs and builds plants for the processing, storage and handling of liquid gases, from The Weir Group PLC.
LGE will be combined with Babcock's Design Services (DS) business unit, within the Marine and Technology division. The combined businesses will create a medium-sized, specialist energy and marine technology business delivering a wider offering including the design and installation of mechanical, electrical and chemical process equipment for ships, oil and gas platforms and onshore support facilities.
The Ashurst team was led by corporate partner Karen Davies, assisted by associate Simon Bullock and solicitors Edward Stevenson and Matt Sparks.
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