LGE, based in Edinburgh, designs and builds plants for the processing, storage and handling of liquid gases for the marine and onshore liquid gas sectors.
LGE will be combined with Babcock's Design Services (DS) business unit, within its Marine and Technology division. DS operates in both the naval and commercial marine markets, including the oil and gas market. Babcock said that the combined businesses would create a specialist energy and marine technology business delivering the design and installation of mechanical, electrical and chemical process equipment for oil and gas platforms, ships and onshore support facilities.
In 2011 LGE generated gross revenue of £26.3m and operating profits of £3.0m.
Babcock chief executive Peter Rogers said: "The acquisition of LGE and its combination with our existing expertise in Design Services will create a strong business, well positioned to build on its current positions and develop into new commercial marine markets, particularly within the oil and gas market."
Got a story? Email news@theconstructionindex.co.uk
