Houston (BUSINESS WIRE) - KBR (NYSE:KBR) today announced that it has acquired Catalyst Interactive (CI).
CI is an Australian e-learning and training solutions provider that specializes in defense, government and industry training segments.
While the size of the acquisition does not have an immediate material impact on KBR's financials, it is significant from the standpoint of providing the synergy that will allow KBR to expand and complement its existing global training and technology solutions capabilities.
"The CI acquisition demonstrates KBR's commitment to improve and develop our technology-based training capabilities in the Asia-Pacific region," said William P. Utt, KBR Chairman, President and CEO. "We see strong growth potential and opportunity both in the Asia-Pacific region as well as internationally and believe the CI acquisition will significantly enhance our capabilities across all of KBR's business units in this market."
CI currently employs 35 people in Canberra and Melbourne, all of whom will join KBR's Government and Infrastructure business unit. In Canberra, CI employees will continue to work in their current office location. Employees in Melbourne will relocate to the KBR Melbourne office.
"KBR is a leader in providing aviation training solutions in Australia. The acquisition will help KBR to be even more responsive to client needs and provide the opportunity to expand into new market areas in defense, government and private industry," said Bruce Stanski, President KBR Government and Infrastructure.
"CI provides a suite of technology that will not only provide efficiencies and cost savings to existing KBR training services for our clients, but will also extend and broaden KBR's training and technology solutions offerings.""With KBR's capabilities and resources as a springboard, we anticipate growing at a rate that we could not have achieved on our own," said Ken Kroeger, CI Managing Director. "We see this as a very complementary union which will have benefits for both companies and our clients."
KBR is a global engineering, construction and services company supporting the energy, petrochemicals, government services and civil infrastructure sectors. The company offers a wide range of services through its Downstream, Government and Infrastructure, Services, Technology, Upstream and Ventures business segments. For more information, visit www.kbr.com.
NOTE:
The statements in this press release that are not historical statements are forward-looking statements within the meaning of federal securities laws. These statements are subject to numerous risks and uncertainties, including those detailed in our most recent Annual Report on Form 10-K and Quarterly reports on Form 10-Q filed during this fiscal year, many of which are beyond the company's control that could cause actual results to differ materially from the results expressed or implied by the statements.
KBRDirector, Communications Heather Browne, 713-753-3775 heather.browne@kbr.com
or Director, Investor Relations Rob Kukla, Jr., 713-753-5082 investors@kbr.com
CI is an Australian e-learning and training solutions provider that specializes in defense, government and industry training segments.
While the size of the acquisition does not have an immediate material impact on KBR's financials, it is significant from the standpoint of providing the synergy that will allow KBR to expand and complement its existing global training and technology solutions capabilities.
"The CI acquisition demonstrates KBR's commitment to improve and develop our technology-based training capabilities in the Asia-Pacific region," said William P. Utt, KBR Chairman, President and CEO. "We see strong growth potential and opportunity both in the Asia-Pacific region as well as internationally and believe the CI acquisition will significantly enhance our capabilities across all of KBR's business units in this market."
CI currently employs 35 people in Canberra and Melbourne, all of whom will join KBR's Government and Infrastructure business unit. In Canberra, CI employees will continue to work in their current office location. Employees in Melbourne will relocate to the KBR Melbourne office.
"KBR is a leader in providing aviation training solutions in Australia. The acquisition will help KBR to be even more responsive to client needs and provide the opportunity to expand into new market areas in defense, government and private industry," said Bruce Stanski, President KBR Government and Infrastructure.
"CI provides a suite of technology that will not only provide efficiencies and cost savings to existing KBR training services for our clients, but will also extend and broaden KBR's training and technology solutions offerings.""With KBR's capabilities and resources as a springboard, we anticipate growing at a rate that we could not have achieved on our own," said Ken Kroeger, CI Managing Director. "We see this as a very complementary union which will have benefits for both companies and our clients."
KBR is a global engineering, construction and services company supporting the energy, petrochemicals, government services and civil infrastructure sectors. The company offers a wide range of services through its Downstream, Government and Infrastructure, Services, Technology, Upstream and Ventures business segments. For more information, visit www.kbr.com.
NOTE:
The statements in this press release that are not historical statements are forward-looking statements within the meaning of federal securities laws. These statements are subject to numerous risks and uncertainties, including those detailed in our most recent Annual Report on Form 10-K and Quarterly reports on Form 10-Q filed during this fiscal year, many of which are beyond the company's control that could cause actual results to differ materially from the results expressed or implied by the statements.
KBRDirector, Communications Heather Browne, 713-753-3775 heather.browne@kbr.com
or Director, Investor Relations Rob Kukla, Jr., 713-753-5082 investors@kbr.com
