Aussie firm CI sells up to US service provider

KBR supports the energy, petrochemicals, government services and civil infrastructure sectors, while CI specialises in Defence, government and industry training.

William P. Utt, chairman, president and CEO at KBR said while the size of the acquisition does not have an immediate material impact on KBR’s financials, it is significant from the standpoint of providing the synergy that will allow KBR to expand and complement its existing global training and technology solutions capabilities.

“We see strong growth potential and opportunity both in the Asia-Pacific region as well as internationally and believe the CI acquisition will significantly enhance our capabilities across all of KBR’s business units in this market,” he said.

CI currently employs 35 people in Canberra and Melbourne, all of whom will join KBR’s Government and Infrastructure business unit. In Canberra, CI employees will continue to work in their current office location. Employees in Melbourne will relocate to the KBR Melbourne office, said Bruce Stanski, president Government and Infrastructure, KBR.

“The acquisition will help KBR to be even more responsive to client needs and provide the opportunity to expand into new market areas in Defence, government and private industry,” said Stanski.

Ken Kroeger, managing director at CI said the company provides a suite of technology that will add to existing KBR training services for clients and will also extend and broaden KBR’s training and technology solutions offerings.”

“With KBR’s capabilities and resources as a springboard, we anticipate growing at a rate that we could not have achieved on our own. “We see this as a very complementary union which will have benefits for both companies and our clients,” he said.

Both companies were unwilling to disclose the financial aspect of the sale.