COMPANY NEWS: Coflexip accepts Technip's revised offer

The consolidation trend among engineering and energy service companies has picked up momentum, highlighted by a deal involving two French firms. Coflexip Stena Offshore Group SA's board has recommended that its stakeholders tender their shares to Technip SA, which has revised its takeover offer for the company.Other engineering and service companies have recently announced consolidations:Saipem SPA, a unit of ENI SPA, said late last month it has acquired Moss Maritime AS, a Norwegian engineering company, for $55 million and has purchased Petro-Marine Engineering Inc., New Orleans, for $10 million.Weatherford International Inc., Houston, acquired Aberdeen-based Brit Bit Ltd., a manufac...

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