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WorleyParsons buys MTG

Engineering and maintenance business WorleyParsons has acquired US-based hydrocarbons management consultancy firm MTG for an undisclosed amount.

MTG provides operational advice to the oil, gas, petrochemicals and chemicals sectors and has operations in North America, the UK and Australia.

WorleyParsons said MTG would provide its own advisory business, Advisian, with new skills in business transformation.

"This acquisition provides us with another very important building block in the growth of Advisian as we build a global advisory business that will make a material impact to our customers' operational and financial performance," WorleyParsons chief executive officer Andrew Wood said.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/01/18

1 year TSR5 year TSR
224thWorleyParsons47%-8%
709 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Revenue

th-WorleyParsons$5,213.5m
77 listed non wa companies ranked by revenue.
Source: Morningstar

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