CASE STUDIES / Better Investment & Management

Consultation on the sale of Whessoe

Whessoe website
  • M&A

  • Advisory

  • Investment

KEY STATS

  • Currently confidential

Whessoe is a company based in Darlington and on Teesside in North East England. It was formerly a supplier of chemical, oil and nuclear plant and instrumentation, and today is a manufacturer of low temperature storage.

Whessoe is a company based in Darlington and on Teesside in North East England. It was formerly a supplier of chemical, oil and nuclear plant and instrumentation, and today is a manufacturer of low-temperature storage.

Whessoe is carrying out 6 percent of the world's LNG acquisition bases and 13 percent of tank design. Samsung C&T is a millionaire in Mexico. It was the first relationship with Weso in the LNG terminal project. Whessoe had participated in Korea's Pyeongtaek LNG Terminal.

Samsung C&T predicted that the acquisition would allow the company to expand its overseas market along with securing new growth engines, and that "the LG acquisition base-related market will be worth about $50 billion by 2020," adding, "We plan to actively explore the global market by maximizing synergy between the two companies."

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