I D
× COMMENTARYEDITOR'S PAGECOVER STORYIN THE NEWSNEWSFRONTSCHEMENTATOR + Show More
Chemical Engineering MagazineChementator Briefs
Nanofiltration Toray Industries, Inc. (Tokyo, Japan; www.toray.com) has created what…
BUSINESS NEWSTECHNICAL & PRACTICALFEATURE REPORTFACTS AT YOUR FINGERTIPSTECHNOLOGY PROFILEEQUIPMENT & SERVICESFOCUSNEW PRODUCTS + Show More SHOW PREVIEWS

Comment Business & Economics

BIS Group acquires Neo Group  

By Gerald Ondrey |

With the acquisition of the Neo Group (Surat, India), Bilfinger Berger Industrial Services Group (BIS Group; Munich, Germany; http://www.bis.bilfinger.com) is continuing its internationalization strategy and entering a new and attractive growth market. The Neo Group has around 1,600 employees and generates annual revenues of some €60 million. Its regional focus is on the state of Gujarat, the heart of the Indian process industry; in addition, the Neo Group is also active in the main industrial regions of India. The Neo Group particularly provides maintenance, installation and assembly services for customers in the oil and gas, petrochemicals and energy industries. “Our entry into the Indian market marks a milestone in our ongoing efforts to broaden our international presence”, says Michael Herbermann, CEO of the BIS Group: “The country is characterized by strong economic growth, offering great potential for development particularly in industrial service. The Neo Group addresses the very sectors that our own company focuses on. With this acquisition, we will be creating the basis for establishing ourselves as a firm partner to the process industry in this market of the future.” “The Neo Group’s…
Related Content

Chemical Engineering publishes FREE eletters that bring our original content to our readers in an easily accessible email format about once a week.
Subscribe Now
How separation processes profit from Industrial Internet of Things (IIoT) solutions
Up to 80% increased production rates in plastic recycling
Higher throughput and purity in sodium bicarbonate production with up to 15% less energy consumption
Help feeding nations with chemical filtering technologies
Not at the forefront of Industry 4.0?

View More

Live chat by BoldChat