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Pharmaceutical Processing News
News Release from: Foster-Wheeler
Edited by the Processingtalk Editorial
Team on 26 February 2008
Biopharmaceutical process design company
acquired
Foster Wheeler has significantly strengthened its position in the biotech and pharmaceutical markets by completing the acquisition of 100% of the stock of privately held Biokinetics from MPA Holdings
This acquisition enables Foster Wheeler to re-establish its position in the North American pharmaceutical market and strengthens its position relative to key US pharmaceutical companies seeking to invest in the US and globally In addition, this acquisition will provide enhanced capabilities to existing Biokinetics clients
This article was originally published on Processingtalk on 2 Nov 2006 at 8.00am (UK)
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"The pharmaceuticals, biotechnology and healthcare market is a core market segment for Foster Wheeler and is one in which we are committed to growing our market share," said Umberto della Sala, president and chief operating officer of Foster Wheeler: "This acquisition is part of the Foster Wheeler overall strategy to complement organic growth in our Global Engineering and Construction business with highly targeted acquisitions.
This particular transaction enables us to expand our global presence in this sector and further enhance our existing biopharmaceutical skills base.
We will be able to deliver comprehensive and responsive capabilities to existing, as well as new, clients, anywhere in the world.
Further reading
Wind farm EPC contract in Italy
Foster Wheeler has been awarded an engineering, procurement and construction (EPC) contract by Voreas for a new wind farm at Pietramontecorvino, in Southern Italy
Foster Wheeler-led JV wins EPC contract
Foster Wheeler has announced a lump-sum turnkey engineering, procurement and construction contract from Saudi Aramco for the Khurais Gas Facility
We have already established an excellent working relationship with Biokinetics and believe that the combination of our two companies' skills and experience will add value to pharmaceutical companies developing projects in the US, and internationally".
Foster Wheeler is a global company offering, through its subsidiaries, a broad range of engineering, procurement, construction, manufacturing, project development and management, research and plant operation services.
Foster Wheeler serves the upstream oil and gas, LNG and gas-to-liquids, refining, petrochemicals, power, pharmaceuticals, biotechnology and healthcare industries.
Biokinetics was established in 1996 and is now a recognized industry leader in process systems design for the biopharmaceutical industry, with expertise in bioprocess unit operations including fermentation, mammalian cell culture, bioreactors, bacterial and yeast fermentation recovery, live and attenuated virus processing for vaccines and plasma-derived products; associated processing and support systems; pharmaceutical fill-finish and materials handling; process simulation and optimisation; modular process design; high-purity water systems; validation services.
Biokinetics is headquartered in Philadelphia, with additional operations in California and North Carolina in the USA and Carlow in Ireland.
It has approximately 130 employees.
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