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M&R homes in on US construction acquisition

Restructured engineering and construction group Murray & Roberts (M&R), which offers project lifecycle services in selected natural resources markets globally, is actively pursuing a US acquisition, which it hopes to consummate during the company’s 2018 financial year. CEO Henry Laas tells Engineering News Online that M&R is assessing opportunities valued at between R400- and R500-million and has whittled down to four the number of prospective acquisition targets. All the companies have a track record of implementing construction projects, primarily in America’s oil and gas sector.