Sep 06 - Saipem has Acquired 50% of the Indian Engineering Company Triune Projects, for USD 10 Million

Source Press Release
Company ENI S.p.A. 
Tags Other Businesses
Date September 26, 2006

Saipem has acquired 50% of the Indian engineering company Triune Projects, for USD 10 million.

Triune Projects, based in New Delhi, provides specialized engineering services for the oil & gas industry and employs 320 people.

The acquisition of the 50% stake in Triune Projects will further strengthen Saipem’s engineering capabilities in India, where it already owns 100% of SIPS (Saipem India Projects Services Ltd), an engineering company based in Chennai which employs 500 engineers.

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