Expecting to gain in an oil-services market that is showing signs of a recovery, sector engineering- construction giant Technip, Paris, and FMC Technologies, Houston, are set to merge next year to create an estimated $20-billion megafirm, the companies announced on May 19.
KBR Inc., Houston, on May 23 said it would acquire Wyle Inc., an El Segundo, Calif.-based provider of specialized engineering and professional services, mostly to the U.S. government.
