Business News

B&W Acquires the Intech Group of Companies

2008-07-15 12:00:00

HOUSTON–(EMWNews)–McDermott International, Inc. (McDermott)

(NYSE:MDR) announced today that its subsidiary, The Babcock & Wilcox

Company (B&W),

has purchased the Intech group of companies to expand B&Ws

capabilities in serving the U.S. commercial nuclear service market,

strengthen its position in the Canadian nuclear service market, and

enhance its existing inspection services to fossil plant customers.

The Intech companies comprise Intech, Inc., Ivey-Cooper Services, L.L.C.

and Intech International Inc. Intech, Inc. provides nuclear inspection

and maintenance services, primarily for the U.S. market. Intech

International Inc. provides non-destructive testing, field engineering

and repair, and specialized tooling services primarily for the Canadian

nuclear power generation industry. Ivey-Cooper Services provides

non-destructive inspection services to fossil-fueled power plants as

well as chemical, pulp and paper, and heavy fabrication facilities.

The acquisition of the Intech group of

companies aligns with our growth strategy by enhancing our level of

service provided to nuclear and fossil customers,

said John A. Fees, Chief Executive Officer of B&W. The

Intech companies are a natural fit into our organization and we welcome

them into our operations.

McDermott is an engineering and construction company, with specialty

manufacturing and service capabilities, focused on energy

infrastructure. McDermotts customers are

predominantly utilities and other power generators, major and national

oil companies, and the United States Government. With its global

operations, McDermott operates in over 20 countries with more than

20,000 employees.

McDermott International, Inc., Houston
Jay Roueche or Robby

Bellamy, 281-870-5011
Investor Relations & Corporate Communications

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