KBR Acquires Australian-Based Catalyst Interactive (CI)
April 08 2008 - 4:15PM
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.
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