Babcock snaps up LGE Process for £23m

Engineer Babcock has acquired a liquid gas services company from the Weir Group for £23m, it said this morning.

LGE Process, which designs and builds plants for processing, storage and handling of liquid gases, will be combined with Babcock’s design services business unit.

In the year to December LGE posted gross revenue of £26.3m, Babcock said today.

The deal was completed on 28 December.

“The acquisition of LGE and its combination with our existing expertise in design services will create a strong business, well positioned to build on its current positions and develop into new commercial marine markets, particularly within the oil and gas market,” Peter Rogers, chief executive of Babcock, said this morning.