KBR Completes Frazer-Nash Consultancy Acquisition, Expands Worldwide Advisory Footprint

HOUSTON, Oct 21, 2021 / PRNewswire / – KBR (NYSE: KBR) today announced the completion of the acquisition of Frazer-Nash Consultancy Limited, a leading provider of systems engineering, insurance and technology consulting services, from Babcock International Group PLC.

This acquisition is a continuation of KBR’s strategic journey to advance the upscale market to deliver innovative, digitally-assisted solutions to governments and customers around the world. FrazerNash provides systems engineering, system security and technology to solve the world’s most complex challenges, with its talented teams providing a wide range of professional advisory services in the defense, energy and critical infrastructure sectors mainly in the UK and Australia. With expertise in areas such as systems engineering, data science, cyber and clean energy, FrazerNash is highly complementary to KBR’s global priorities with minimal overlap due to its geographic footprint.

“We look forward to welcoming Frazer –Nash join the One KBR family and focus our collective focus on helping customers solve their most complex problems, “said Stuart Bradie, President and CEO of KBR.

“Frazer-Nash adapt to the changing market dynamics at an early stage and at the same time achieve continuous profitable growth. With the market tailwind in our favor, we are well positioned to continue our journey together. “

About KBR

We deliver scientific, technological and engineering solutions to governments and businesses around the world. KBR employs around 29,000 people worldwide with customers in more than 80 countries and branches in 40 countries.

KBR prides itself on working with customers around the world to provide technology, value-added services, and long-term operations and maintenance services to ensure consistent delivery with predictable results. At KBR we deliver.


Forward-looking statement

The statements in this press release that are not historical statements, including statements about future financial performance, are forward-looking statements within the meaning of federal securities laws. These statements are subject to numerous risks and uncertainties, many of which are beyond the control of the company, that could cause actual results to differ materially from those expressed or implied in the statements. These risks and uncertainties include, but are not limited to: the significant negative impact of the COVID-19 pandemic on economic and market conditions and the company’s ability to respond to the resulting challenges and business disruptions; the recent distortion of the global energy market ;; the company’s ability to manage its liquidity; the result and publicity of examinations and investigations by domestic and foreign government authorities and legislative bodies; potential adverse proceedings by such authorities and the potential adverse outcomes and consequences of such proceedings; Changes in the capital expenditures of the company’s customers; the company’s ability to receive and fulfill contracts from existing and new customers; structural changes in the industries in which the company operates; escalating costs associated with and executing fixed fee projects and the Company’s ability to control its costs in accordance with its contracts; Debt negotiations and contractual disputes with the company’s customers; Changes in the demand or price of oil and / or natural gas; Protection of intellectual property rights; Compliance with environmental laws; Changes in government regulations and requirements; Compliance with laws relating to income taxes; insecure political conditions, war and the effects of terrorism; foreign business operations and exchange rates and controls; the development and installation of financial systems; the possibility of cyber and malware attacks; increased competition for workers; the ability to successfully complete and integrate acquisitions; and operation of joint ventures, including joint ventures that are not controlled by the company.

The latest annual report filed by KBR on Form 10-K, all subsequent Forms 10-Qs and 8-Ks, and other filings by the Securities and Exchange Commission, discuss some of the important risk factors that KBR has identified that affect the business, the results of business – and financial position. Except as required by law, KBR assumes no obligation to revise or publicly update any forward-looking statements for any reason.


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