Fluor Acquires Engineering Companies in Belgium and Spain

UNEC Engineering of Belgium and Europea de Ingenieria y Asesoramiento of Spain Become Part of Fluor’s Global Services Business Group

Monday, November 24, 2008 8:28 am EST

Dateline:

IRVING, Texas

Public Company Information:

NYSE:
FLR
US3434121022

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE:FLR) announced today that it recently acquired two private engineering companies in Europe. The acquisitions include UNEC Engineering N.V. of Antwerp, Belgium, and Europea de Ingenieria y Asesoramiento (E.I.A.) of Tarragona, Spain. Both companies will become part of the European operations of Fluor’s Global Services business group. Financial details for these transactions were not disclosed.

The E.I.A. and UNEC purchases are part of Fluor’s continued focus to provide local engineering, procurement, construction and maintenance (EPCM) solutions close to industrial centers where current and potential clients maintain significant commercial assets.

UNEC has approximately 150 employees and focuses on small capital projects and plant engineering work. The company’s current client base includes many well-known energy, chemical and industrial companies with operations near Antwerp’s port region. Nearby in The Netherlands, Fluor has offices in Bergen op Zoom and Rotterdam providing the same EPCM services in those industrially dense areas.

E.I.A. and its management team have strong relationships with a number of important clients in Tarragona. The 100-person company specializes in plant modifications, engineering and small capital projects. E.I.A. is located in a strategic industrial region between Barcelona and Castellon and will be a great complement to Fluor’s established Spanish offices in Madrid and Asturias.

“These industrial regions in Belgium and Spain have significant numbers of companies with production facilities nearby,” said Kirk Grimes, president of Fluor Corporation’s Global Services business group. “While Fluor maintains good relationships with several of these clients across the globe, the strong track records of E.I.A. and UNEC will help us provide greater value to our clients locally.”

“We welcome the UNEC and E.I.A. employees who recently joined our company and look forward to pursuing exciting opportunities together,” said Taco de Haan, vice president of Fluor Corporation’s Global Services business group. “This is an excellent opportunity to expand our client relationships into these regions and to increase our small capital project services in Belgium and Spain on a sustainable and local basis.”

Fluor’s Global Services business group offers customized solutions that assist plant and facility owners in improving their existing operations and enhancing the execution of their capital projects. Currently, nearly 15,000 employees work to meet clients’ needs at more than 300 sites around the world. Services include operations and maintenance, plant engineering, sustaining and small capital project execution, turnarounds, shutdowns and outages, specialty services, procurement, mobile equipment, tool and fleet services, and contract staffing.

About Fluor Corporation

Fluor Corporation (NYSE:FLR) provides services on a global basis in the fields of engineering, procurement, construction, operations, maintenance and project management. Headquartered in Irving, Texas, Fluor is a FORTUNE 500 company with revenue of $16.7 billion in 2007. For more information, visit www.fluor.com.

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Fluor Corporation
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Keith Stephens, 469-398-7624
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Brian Mershon, 469-398-7621
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Investor Relations
Ken Lockwood, 469-398-7220
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Jason Landkamer, 469-398-7222
469-398-7277 fax

   

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