Infrastructure company Balfour Beatty has purchased Subsurface Group to expand the Energy Storage Services business of it subsidiary, Parson Brinckerhoff, in the US.
Subsurface is forecast to generate around $50m ($31m) of revenue for the year ended December 31st 2012.
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"We are very pleased to have Subsurface as part of Parsons Brinckerhoff and see this acquisition as a significant step in enhancing our wider capabilities in power and energy - a strategic growth area for Balfour Beatty."
Subsurface, which has its headquarters in Texas, is described as a professional consulting and engineering firm, which provides services in underground injection, underground storage, specialty wells, petroleum and natural resources, and environmental science.
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