KBR, Inc. (Houston) has entered into a definitive agreement with Babcock International Group PLC, to acquire Frazer-Nash Consultancy Ltd., a leading provider of systems engineering, assurance and technology advisory services, for approximately $400 million in cash.
Frazer-Nash delivers high-end systems engineering, systems assurance and technology to solve the world’s most complex challenges. Its talented team provides a broad range of professional advisory services across the defense, energy and critical infrastructure sectors primarily in the U.K. and Australia. With expertise in areas such as systems engineering, data science, cyber, and clean energy, Frazer-Nash is highly complementary with KBR’s global priorities with minimal overlap because of its geographic footprint.
“This acquisition is a continuation of our strategic journey to advance upmarket to deliver innovative, digitally-enabled solutions to governments and customers around the world,” said Stuart Bradie, KBR President and Chief Executive Officer. “Frazer-Nash adapted ahead of the curve to evolve with changing market dynamics, whilst delivering consistent profitable growth. I am excited to welcome this tremendous team to our company, and with market tailwinds in our favor, we are well positioned to continue our journey together.”