Kentz had earlier rejected a $680 million takeover offer from Amec and a lower bid from M+W.
While some shareholders may have preferred the Kentz board to stay and negotiate, senior management is confident that Kentz can continue to win new business, partly through expanding its East African footprint.
Chief executive Christian Brown, who was appointed to the top job in 2012, said the company is focused on providing technical support in the Mozambique gas boom.
“The
