The duo inked a letter of intent last weekend that marks IHC's entry into the Gulf of Mexico marine design market. The deal follows a rash of transactions in which a larger international contractor has snapped up a US engineering house.
Recent deals include Stolt Offshore's purchase of a majority stake in Paragon Engineering, Heerema's acquisition of Intec Engineering and Wood Group's buyout of Mustang Engineering and Alliance Engineering.
The
