Foster Wheeler to Acquire MDM Engineering Group Limited

ZUG, Switzerland--(BUSINESS WIRE)--Foster Wheeler AG (Nasdaq: FWLT) (“Foster Wheeler” or the “Company”) announced today that an indirect wholly owned subsidiary of the Company has entered into a merger implementation agreement (“MIA”) with MDM Engineering Group Limited (AIM:MDM) (“MDM Engineering”) to acquire all of the ordinary shares and options in issue of MDM Engineering in a cash transaction valued at approximately $109 million (the “Transaction”).